Just a few days ago, I did a post for my Gold and Diamond subscribers called Broken Axle, in which I pointed out the powerfully bearish pattern exhibited by American Axle and Manufacturing (I have unprotected the page so everyone can see the original post). Here’s what it looked like:
Slope of Hope Blog Posts
This is the heart and soul of the web site. Here we have literally tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. You can also click on any category icon to see posts tagged with that particular category.
Yesterday afternoon, I declared 7000 as the ‘magic number’ for the NQ. After Facebook’s report, the NQ surged, and we actually exceeded by target by 0.5%. Surely you’ll allow me that much leeway. Suffice it to say, I was shorting like a sonofabitch in the final half hour. I’ve DOUBLED my exposure.
I’ve been describing this as a “stock picker’s” market recently. Allow me to show a very specific example. Or, should I say, ten examples.
Back on September 15th, I did a premium-only post called Sector Focus: Manufacturers. I have changed the post so that everyone can see it now. I had ten specific short ideas. One of them – ARRS (its symbol changed to AIR, apparently) went up a little, so that was a loser. But most of them did great, including one, MHK, which was down almost 40%. Keep in mind, this is in just over a month.
Overall, the drop was 17.21% even with the dud, which is over TWICE as big a drop as the S&P 500. So……….that’s what I’m talkin’ about!
Last Tuesday, October 16th (which feels like, oh, about half a year ago), the market bounced mightily from the first phase of its selloff. I proposed four potential outcomes, which I named Alpha, Bravo, Charlie, and Delta. Delta, the last one described, was the most bearish, and I projected it like this:
Tip of the hat to MoneyMiser21 for this post about shorting WWE. It’s been a gem. And, unlike wrestling, my gratitude (and profits) are not fake!
This one is great; an existing short plus a butt-ton of January 2019 puts on XME, mentioned here, just like all my shorts, countless times.
I’ve written before about Vitamin Shoppe, and I’ve got to say, it seems to be following the same steady march downward that Snap, Inc. is doing. Pretty consistent……..