Retail Prepares to Resume Downtrend
-I had been having a grand old time shorting retailers, but they picked up some serious strength last week. In spite of this, I think the pattern is wholly intact, and the bounce to the neckline merely presents another shorting opportunity. From what I’ve read, next week is seasonally super-bearish, so we’ll see if we can get another round of selling going.
Dual Charts and SlopeCharts
-As most of you know, SlopeCharts is the web-based charting platform I created after the death of my former creation, ProphetCharts (killed by its purchaser, Ameritrade). I am exceptionally pleased with SlopeCharts, and I use it every day as the basis of both my trading and my writing.
SlopeCharts already satisfies all my needs, and for a while I figured I’d just leave it be and continue on my merry way. However, I made a decision recently to double down on my investment in this platform and add a lot of features that users have been requesting. Some of these features will be exclusive for PLUS users, and other features will be accessible by everyone.
I am pleased to announce the first of these new features now, and it is a PLUS exclusive: Dual Charts. This allows you to observe two charts at the same time, each with its own y-axis. Using it is a snap – – just enter the two symbols you want to chart, separated by a comma (such as AMZN,TSLA):