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One third of the country seems to believe in a thing called “fake news.” Well, how about “fake markets“, like China? This sucker has roared higher for months, and my view is that the long-term trendline shown below is a Great Wall of China for FXI.
As I mentioned on my Sunday post, IBM was one of my 20 short positions. Its chart wasn’t particularly interesting, but things just got a lot more interesting now that earnings are out.
If you’re feeling like a high-risk, high-opportunity short sale, I direct your attention to Joby Aviation (JOBY) which just produced a gap price at $16.80.
Slow start this morning, folks! So be it. All positions remain intact, and I just thumbed through my short positions and wanted to share my favorite eight of them:
As I defiantly continue to swim against the stream (sort of half bear, half salmon), I’m locked into twenty short positions, half of which are shown below. As usual, I’ve zoomed in to what I feel is the most appropriate recent price history.
