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Market Divergence And 5 Stock Champs

By Tim KnightStock MarketsOct 22, 2020 12:29AM ET
www.investing.com/analysis/divergence--champs-200541941
Market Divergence And 5 Stock Champs
By Tim Knight   |  Oct 22, 2020 12:29AM ET
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The chart below is simple and, I think, important. At the top is the candlestick chart of the Dow Jones Composite, which has been, banging out higher highs. Beneath it is Slope’s own advance/decline summation index, showing how on the exact same days, the market has been making lower highs. In other words – – bad breadth, and you can't cure it with a breath mint.

Dow Jones Composite Candlestick Chart
Dow Jones Composite Candlestick Chart

I presently have 40 short positions. Below are my five best performers. It is certainly my hope to hang on to them for many weeks, if not months, to come.

Williams Companies (NYSE:WMB):

WMB Chart
WMB Chart

Apartment Investment and Management (NYSE:AIV):

AIV Chart
AIV Chart

Weingarten Realty Investors (NYSE:WRI):

WRI Chart
WRI Chart

Royal Caribbean Cruises (NYSE:RCL):

RCL Chart
RCL Chart

Holly Energy Partners (NYSE:HEP):

HEP Chart
HEP Chart

Market Divergence And 5 Stock Champs
 

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Market Divergence And 5 Stock Champs

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Comments (2)
Lucian Ghiran
Lucian Ghiran Nov 19, 2020 6:53AM ET
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He is long NIO.
Ugur Filiz
Ugur Filiz Oct 22, 2020 3:35AM ET
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why do you only have short trades?
 
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