Here’s Slope favorite Tupperware, whose enormous head and shoulders pattern predicted its utter wipeout.

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Here’s Slope favorite Tupperware, whose enormous head and shoulders pattern predicted its utter wipeout.

It has pretty much a throwaway day for me, but, ah well, there not all going to be winners. As we await for things to start rocking again, I wanted to share once more my Domino’s Pizza (DPZ) chart. The head and shoulders top is exceptionally well-formed. It could actually go as high as $340 with little consequence, but I’ve got this on a very tight leash and will get out if it crosses above $333.25:

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My Bear Pen watch list has 30 items, 20 of which I already am long puts. The other 10 are shown below. I consider all of these intriguing short candidates, but conditions weren’t quite right yet to pull the trigger. I offer them to you below for your perusal.

One of my best bearish positions, Royal Caribbean Cruise Lines (RCL) has broken its trendline.
