Here is one portfolio of the eight short sales which survived this absolute blow torch of a market (with the S&P 500 up eight weeks in a row).
We start with Centene, which has completed a huge rally back up to a massive topping pattern.
GE Aerospace continues to hammer out a diamond reversal pattern.
DraftKings has a superbly formed top.
Green Plains is much messier, but a sensibly stop-loss is there for a reason.
Haliburton is the most poorly formed of these charts, although recent oil weakness has been helping it trend lower.
Bitcoin, by way of this ETF, is a huge top with a squeaky-clean gap-based stop.
Royal Caribbean has not only broken its ascending channel but has, after doing so, also completed an impressive head and shoulders top.
Lastly, Sallie Mae rallied modestly this week, but by view is that the vastly larger reversal pattern that I’ve tinted will overwhelm this counter-trend action.
