MY BEARISH THESIS -This rally is led by fundamentally weak companies like CVNA, ROKU, AMC, and AFRM (companies with weak valuations) which has historically indicated that these types of rallies are temporary -Six Month Treasury Bill yields rising to 5%, last seen in 2007 - The Feds Fund Rate (Feds target interest rate) rose higher after the recent CPI data which...
Short here with 120LIS on it. Feel confident and could see this find 113 support soon next .
FB had a huge spike after earnings . However, when one looks at the chart, this spike and the optimism seem unwarranted. FB is still well below its long-term trend that has been in play for years. The trend was irreparably damaged in October, and the probability that FB sees a new high in the short term seems almost impossible (what will drive it?) The chart...