As we work our way toward the final minutes before everything shutters for Christmas, here are a few equities that have loaded bull stockings with bountiful joy, irrespective of fundamentals. These were beautiful breakouts and illustrate some good, classic technical patterns:
I will offer you one item from my “I Told Ya So” gallery, which is the Theranos of electric car makers, Nikola. I’ve been peeing on this one all the way down, and I stated clearly that the last wispy line of support was $16.01. Ever since that broke (appropriately enough, based on a garbage company telling Nikola to go take a hide), it’s been a meltdown. I strongly suspect this will be a single digit stock within months (or weeks) and wouldn’t be at all surprised to see criminal charges against Elizabeth Holmes Trevor Milton next year.
