Here are five younger (AKA haven’t been public that long) stocks I added to my short portfolio today.
Lil’ Victims
Time to Pony Up
The company Pony.ai (PONY) makes self-driving auto technology. It also is sporting a handsome looking topping pattern. Check it out:
Auto Eroticism
The loopy, zany, clinically psychotic behavior of CAR continues.
I was reading up on it this morning, and even though everyone knows the stock is doomed to crash at some point, no one knows what that “point” is. SlopeCharts has a wide variety of options tools, and one look at something as simple as the 30-day implied volatility tells the story: we’re deep intro triple-digit land.
Another Nice Setup
Wow. Red quotes. Haven’t seen those in a while.
Anyway, the emerging markets fund EEM looks like another beautiful gap play. I just added this as my 21st position with a stop-loss at 63.40:
The Four Horsemen
Cotton, Wheat, Corn and Soybeans
There were four big setups, each covering multiple tickers, that I was looking in my bi-weekly The Bigger Picture webinars last year and at the start of this year that looked very strong, but I was struggling to come up with any decent fundamental reasons why they might play out.
That changed when the US attacked Iran on 28th February, and since then I have been looking at these four big setups as follows:
War – I looked at the oil setups in my posts on 3rd and 13th March. Those setups have made the first targets but haven’t yet made the extension targets at retests of the 2022 highs on $BRENT, $WTIC and $GASO.
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