Triple-bearish-on-energy symbol DRIP is the gift that keeps on giving (in addition to ERY). Trade of the year!

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Triple-bearish-on-energy symbol DRIP is the gift that keeps on giving (in addition to ERY). Trade of the year!


Oft-cited short idea Brinker International is really starting to kick in now, with a beautiful gap down and a drop of over 6% this morning. Rest assured, I’m holding on to this one.
Back on May 31st, I pointed out the ascending trendline on the small caps (via IWM) and mentioned, “As you can see, the last time it tagged this lower channel trendline, it rallied mightily.” Well, regrettably, that is precisely what has happened. I’ve put an arrow on the day of the post:

So where to from here? Ya got me; lifetime highs aren’t my cup of tea.