It ain’t much, but I’ll take it.
Nice NQ Reversal
MetaSymbols Portfolio
I am continuing to experiment with our exciting new MetaSymbols feature in SlopeCharts. One idea I had was – – what would it be like to construct a chart of the fourteen symbols which constitute my portfolio of puts. Well, it only took a minute to create, but here is the world premiere of this chart: looks pretty bearish, right? Just to be clear, this is an equally-weight amalgamation of all fourteen ticker symbols which have been used to create an entirely artificial instrument representing my entire portfolio.
Surrender, Dorothy
Last Friday and this Monday, the garbage symbol WE from the garbage fraud WeWork went exploding higher by about 50%. WeWork, of course, famous plunged in value from $47 billion to a few hundred million dollars. Its true worth, in my estimation, is $0.00. What’s annoying to me is that, every month or two, some numb-nut group out there gooses the stock since it’s “cheap” and pushes it massively higher (percentage-wise, at least) only to see it roll over and do the ONLY thing WeWork has succeeded at doing, which is Go To New Lifetime Lows. You can see this charted below, next to the hideous beast.
Blasé
Well here we meet again. Yesterday, the /NQ was kind enough to offer a tidbit of some excitement as it fell fairly consistently and managed to cracked its Fibonacci level of 14,374.76. I see we’re taking a lunge at it now, and it will be worth noting if that line manages to hold for the day.
Where Does the Time Go?
