Below are the positions in one of my two “all shorts” portfolios. As always, click on any chart for a much bigger version, and note that dashed red line represents my stop-loss price.
Broadcom’s top is just dynamite, and I hope it completes. It needs to break beneath the pink zone.
Yeah, well, look, I make dozens of meals each month. I’m taking Mrs. Bear out and giving myself a break at the same time!
I’ll just state once again how important crypto strength or weakness is to equity behavior. I’m not referring to the literally millions of alt coins and junk coins out there, which are meaningless. I am referring to the tiny handful of large-cap instruments, principally Ethereum and Bitcoin.
Ethereum has quite clearly broken down from its last, best chance at a meaningful breakout by way of that right triangle setup. Instead, it is convulsing in a series of failures, and all holy hell will break lose if it cut beneath that low price established last April 9th.
