Thesis: Read about the full-thesis in my post here, but it was a classic mean reversion setup.
Thesis: The stock is not correlated to the broader market, which is great because I remain neutral / bearish equities for the time being. Prices broke out above a downtrend line that’s been resistance all year, as well as the prior lows, while
Thesis: The major indices had a huge run up toward ATHs with breadth and momentum diverging from price (as compared to old highs). The Nasdaq 100 had been the strongest of the major indices, but had failed to hold above the
Thesis: Prices had an aggressive run-up into previous highs, while the Micro, Small, Mid Cap indicies continued to lag the S&P 500 and Nasdaq 100. We finally got a pivot high to trade against on the short side, so I took
Thesis: Prices broke out above a falling wedge, while public sentiment is extremely pessimistic and commercial hedger net long positioning was at multi-year highs. This combined with the prices being extended from their 200 day moving average makes for a high