What the h?

The h-pattern is hell for bears in bull markets and hello new lows in bear markets. Some h-patterns are at their moment of decision right now. Others are at various stages, some bounced where a bull would want them too, some broke, some are still early in formation. The most important and imminent two are ARKK and FB. Both are near their 52-week lows.

Bounce or Breakdown

A bunch of stocks I've covered before and have puts on many of them. I included a bunch of cloud stocks that I don't currently have puts on such as former targets HUBS and COUP, but I wanted to highlight their breakdowns. I have no idea which way the market will break. Previously the horizontals some of these are hitting offered support. HUBS and COUP are beaten down and could bounce. My only caveat is that when the market finally decides to have a sell-off it is going to join these bear leaders. The market is bouncing right now after hitting these support areas, I see a kind of unity, all-one-market across the charts. Even stuff going up like XLE is at resistance, and I've tossed that in here. Also a channel play on NWL. Long story short" every time we get to this point, dip buyers pour in and bears get hosed. Sometimes there are breaks like in late November, but even those are reversed. It only needs fail one time though, and that's the time the bears will feast, and the profits I will make on that break will dwarf whatever losses I take in the here and now.

Netflix also broke a long-term line.

Coupa Troopa and Apple

I held my COUP puts into earnings. They beat on sales and revenues, yet the stock still looks weak in the AM today...my puts expire next Friday so my eyes are on the exit short-term for my current position. COUP is a cloud stock, area I had been targeting and may target again because these remain "stocks of interest." TWLO was my big winner, I had a huge position on that one, at one point it reached 20 percent of my portfolio because it tanked. not as much in

I don't know why I didn't have a March 2020 line on Apple. Corrected this mistake. Will aggressively short if it gets to that line. A breakthrough opens the door to a melt-up, somwehre around $200 per share.

Charts of All My Current Option Positions

I'm going to start off with one that I want to re-enter, SMH. Popped today, but I see about 10 percent downside to the gap. I would not short this one now if I didn't expect a resumption of selling soon.

Here are three long positions (calls). A new low on GDX will get it kicked out. ditto for AEM if it loses support.

My largest position thanks to today's return. XLY is my largest notional position. A modest drop will make it the largest again.

The rest.