No worries. But, when did I ever give you the impression I am a perma-bear? I have already said I think markets will go higher. However, there is currently a pullback happening and I expect to make my money during this time. I also have indications that other sectors will be the winners in the coming months and not the typical ones that won after Nov 8. That would mean a rotation out of the big winners like semiconductors and transports, and materials. In fact they were the big losers last week. Things that seem to be heating up on my radar are healthcare and energy and some financials and REITS and some foreign markets. So I expect a soft landing lower during this pullback but I expect people to be looking for "VALUE" and right now that does not include transports (thats another reason I think my SHORT on AMZN will be a bigger win too). It does not mean I think transports will crash here. But KSU is the worst of the bunch. Ultimately, we should continue to go higher from what I see on the charts. This is a trade to take advantage of this timing. I have reevaluated this chart from every angle and I see very little strength in this chart. I expect to be proven correct before too long. Either way, I have my stops in place in case I am wrong.
Somewhere you read me wrong EG. I never for one minute thought you were a perma-bear. You're a perma-bull lol. I'm the perma-bear here. At least for the next few weeks. I like your thesis on sector rotation. And I like your trade here too keeping in mind you are playing for the short term. We all know your chart prowess. Heck I might even short some tomorrow in solidarity. Although... I'm kinda thinkin' NVDA is the big short play now, ....now that we have an over-zealous in-house pumper.
It missed analysts' earning expectation by just $0.07 I hope your secondary research influenced your decision to hold your short position. well done !
Earnings are not scheduled until 1-20-17 so you must be referring to the last earnings report. As I have said before everything about the stock that is known is reflected in the price and is why TA works assuming the person doing the analysis knows how to read the charts. I did ZERO fundamental research. This is purely TA. Thanks for the compliment. Glad I added to my SHORT last week.