Shorting Strength Worked

SIVB and SBNY had relative strong charts, but both broke similar support lines today. SIVB from March 2020 and SBNY from November 2020.

Apple doesn't have an insane chart like say POOL or INTU, but it notable went to a new high today.

Selling strong bank charts worked today because the market expectation reversed with the Fed Chairman sounding hawkish on inflation. The crowd and momentum buyers end up stock in position when the tide turns against them. If the market rallies here (hopefully not since I'm not positioned for it), a stock like Apple could become a tantalizing short in a few days or weeks. As would any other stock that the bulls pile into during a relief rally.