Although the /ES is up (again) and the /NQ is up triple digits, my all-short portfolio is having a pretty good day. Here are a few charts of some particularly heroic positions that are holding fast in the face of this melt-up:
The U.S.S. Defiant
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Four Against the Wind
There’s nothing easier in the world than offering up short-sale ideas when the market is in a free-fall. Of course, that’s also the most hazardous time. Conversely, there’s nothing harder than daring to offer up such ideas when the market is in up-every-single-day mode, as it is now, but I’m going to do it anyway. Before I do, let’s take a quick look at the /ES futures since April 21st, which was only three weeks but about 800 points ago!
Will the Other Shoe Drop?
Having lost about 70% of its value since it peaked, shoe-maker Nike (NKE) has enjoyed a bounce in recent weeks thanks to the cessation of the trade wars. I would like to emphasize that the massive top is still intact, with an important price gap at 64.16:
The Unclaimed
Out of the thirty equities in my Bear Pen, fourteen of them are not in position for one reason or another. They are still worth watching closely, and I’m zoomed in on what I consider to be the most relevant recent portions of each chart. I’ve also watermarked each one with its ticker.
