A few of my bearish positions which I want to highlight today………

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Royal Carribean (RCL), a long-time nemesis of mine, is finally behaving itself. I own June $250 puts which are presently up above 14%, but I’m holding out for much greater gains.

The big ETF for precious metals miners, GDX, has a very interesting relationship with the red trendline shown below. For years it acted as resistance (red circles). Late in 2024, it reached escape velocity and broke above this powerful level, only to slip beneath it again recently.


XLY – Consumer Discretionary ETF