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.

Spruce Point's Hit List

Spruce Point Management publishes research on short targets. Some of their picks have paid off, but tended to be small caps. the larger targets have climbed higher and higher. In my opinion, this doesn't invalidate their work. "Zombie" companies that are dead at higher interest rates or tighter credit markets have been some of the best performing stocks. The Federal Reserve and USG lfooded the markets with liquidity and as a result, taking on insane risk to the upside was the best stratery. Now I think the reverse will play out: taking insane risk to the downside will pay off.

Every chart below has a report on their site. Some research is a couple of years old, in some cases may no longer be valid. In other cases, I believe the thesis is intact, but requires a recession and bear market to reveal underying weakness. Notable: Cintas reports earnings in two days.