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Oh my God. If you could plot a divergence to track the spread between my skills as a chartist and my skills as a trader, it would be gargantuan. I cited Wingstop (WING) as a great bearish opportunity ceaselessly. I just glanced at the options I sold, and they are up another 200%. Good God. Pay attention to my charts, people, but ignore when I close a position! I’m a weakling!
That’s it. I give up. I’m done with EWZ.
Why? Because the violation of the H&S top is too severe, and looking at EWZ’s history, it has the ability to complete a top and meander for literally YEARS before breaking down (see arrow). I’m simply not going to cross my fingers and hope. I’m done with it.
Greetings from Bermuda!
As you can tell from the title of this post, I wanted to say something about someone who really pissed me off today………….me! Let’s start with this minute bar chart of SLV:
Stock futures have been creeping higher all night long, and about an hour ago, they put on their turbo-boosters.
The monthly inflation numbers are all out now, and the bulls are dancing in the streets. The Core CPI came in cold, just like yesterday’s Core PPI.
