Broken parabola's abound. FAANG stocks on weekly/monthly charts tell the bigger story. Those parabola's remained intact on the January-February decline. No longer the case.
europe looking weak. See if we can get a gap down and 'go' day again. Still holding short. Will likely add too it on a bounce but will play it by ear
Agree 110%. Bank stocks not fairing much better. If you believe FANG’s going to continue to grow 25% per year jump in. I personally believe we are in for a world of hurt due to world debt levels and the associated interest rates that have gotten us there. It’s not healthy and the bill always comes due with no cash to pay for it.
taking off half here for +20 at 2666 as planned. Looking for 2620 area to close the other half. Will also add that half back on short, on any kind of half decent bounce. We are in proper bear market land now so expecting lots more dumping in the medium term