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Saturday Shorts: Looking Forward To The Down Trend

By Tim KnightStock MarketsJul 18, 2021 12:45AM ET
www.investing.com/analysis/saturday-shorts-looking-forward-to-the-down-trend-200592025
Saturday Shorts: Looking Forward To The Down Trend
By Tim Knight   |  Jul 18, 2021 12:45AM ET
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It’s been a long time since I’ve felt so energized about the stock market. Bit by bit, things are truly beginning to break down. I am loaded to the gills with very large put positions on 16 different instruments right now. Here are eight of them, along with some brief commentary. I’ll offer up the other eight in a similar post tomorrow. As usual, click on any chart for a super-sized version.

Caterpillar (NYSE:CAT) just needs to break that horizontal, then it’s bombs away. Indeed, many, many ETFs and stocks look just like this: specifically, a complete topping pattern, but then an even larger topping pattern if the next horizontal can be busted.

CAT Inc Chart
CAT Inc Chart

Same deal with Darling Ingredients Inc (NYSE:DAR).

DAR Inc Chart
DAR Inc Chart

John Deere (NYSE:DE), as you might suppose, is extremely similar in form to Caterpillar. Mind you, these options expire no earlier than Oct. 15. I have tons and tons of time for big profits.

Deere & Co Chart
Deere & Co Chart

Of all 16 charts, the Dow 30 “diamonds” is the least interesting. It is range-bound and turned away from its lifetime peak on Friday.

DIA Chart
DIA Chart

Dine Brands Global (NYSE:DIN) has shown it has the capacity for big falls. We have cleanly reversed on this.

DINE Inc Chart
DINE Inc Chart

The MSCI fund, symbol EFA, is about 85% done with its own topping pattern. Break that green horizontal, and it’s doom-a-palooza.

EPA Chart
EPA Chart

Likewise, eHealth Inc (NASDAQ:EHTH) is about 85-90% done with the completion of its own gargantuan top.

eHealth Inc Chart
Inc Chart

Foot Locker (NYSE:FL) has been a tough nut to crack, but it finally shattered its trendline and horizontal lines this month. Hurray!

Foot Looker Inc Chart
Foot Looker Inc Chart
Saturday Shorts: Looking Forward To The Down Trend
 

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Saturday Shorts: Looking Forward To The Down Trend

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Comments (2)
Sharath K S
Sharath K S Jul 18, 2021 9:30PM ET
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Nice charts - Dine Brands look very promising. Thank you and will look forward to list of other 8.
Pius Pip
Pius Pip Jul 18, 2021 4:15AM ET
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Brb . Boarding the Virgin Galactic to Doom-a-Palooza . Return ticket has not been purchased yet .
 
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