Scrambled Cheggs
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FEEDIt seems that a business model of renting textbooks would have been
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2022-07-21
Another Look at TLT, Short Apple
TLT basing off a big volume area. My portfolio is currently 25 percent in TLT related calls and 12 percent in USO related puts. ZB and NQ are very similar, both attacking their early June consolidation area, but I think ZB/TLT can pop without NQ following if the next pressure on stocks comes from recession fear rather than inflation fear.
I shorted Apple late in the day. As I said this morning, I was looking for the bearish side. I lost money trying to short around 3980 on the S&P 500 and Nasdaq, but will see how it turns out. I don't think the final blow-off phase of the rally is underway. If I'm wrong, I should do fine with TLT because today's rally was partly fueled by the pop in bonds. I like the candle on Apple for a reversal. I held on to XLC and it may be wrecked come morning. SNAP is down 15 percent on earnings after hours and crushing META and GOOGL along with it.
Crude oil looks fine, still holding here.
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