As promised, here's the second set.
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 sixteen different instruments right now. Here are eight more of them, along with some brief commentary. I have zoomed in on what I consider the most germane portions of the chart.
Seller-of-furniture-made-out-of-cushions The Lovesac Company (NASDAQ:LOVE) has completed an exceptionally good head and shoulders topping pattern.
I am just bonkers about Micron (NASDAQ:MU). I mean, just look at it.
Likewise, I am nuts about ON Semiconductor (NASDAQ:ON). These two semiconductor stocks have the potential for absolute ball-busting wipeouts.
Another overpriced seller of furniture made out of foam, Purple Innovation (NASDAQ:PRPL) is about to complete a cataclysmic top.
PVH (NYSE:PVH), which I think makes overpriced apparel, finished its topping pattern on Friday.
Ah, here’s our old friend Tupperware (NYSE:TUP), which has already lost 50% from when I first started touting it earlier this year.
The Materials sector (NYSE:XLB) fund needs to cross below that green horizontal to start the party.
Finally, the Financials have their own green horizontal which, if broken, sets us up for a trip to at least that supporting trendline beneath.
