My idea to “short every stock with the word automobile in it” continues to work out nicely. Every single issue I mentioned in last week’s Auto Crash post is down, and this morning you can see particular damage here:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Auto Crash
In case you missed it, please be sure to leave House Safari a good review, as described in the last post. But I wanted to move on to charts, so……….
A few weeks ago, I made a big stink about how any symbol with the word “automobile” in it was shortable (as well as the biggies like General Motors and Ford……….basically anything to do with cars). This bearishness on a particular sector is finally starting to work out. Here are a few examples from today’s trading action.
Monday Sector: Retail
On this quiet holiday weekend, I’m just going to share charts which have these characteristics: (1) I am not in position on any of them; (2) they look like attractive short set-ups; (3) they are all in the same sector; in this case: retail. Here you go:
