Oh my GOD. Can you believe the gorgeousness of this gap-close? Down 50% in just a couple of weeks!

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Oh my GOD. Can you believe the gorgeousness of this gap-close? Down 50% in just a couple of weeks!

Well, this pisses me off.
I was puzzled mightily at EFA’s strength last week, with the worldwide equity ETF hitting LIFETIME HIGHS on Friday. It made zero sense. None. Zilch. Today, however, it is acting properly, and it has completed an island reversal gap. This sucker is doomed, but now I feel like I’ve missed the boat. So……….poo!

Another reason to be bullish short-term.

The SPY has, at long last, sealed up its election day gap. It’s getting a little uneasy staying aggressively bearish short-term.

My homebuilder bearish position is doing fantastic, but I note that it sealed up its price gap beautifully on Friday, so I took partial profits.
