Market Divergence And 5 Stock Champs
Tim Knight | Oct 22, 2020 12:29AM ET
The chart below is simple and, I think, important. At the top is the candlestick chart of the Dow Jones Composite, which has been, banging out higher highs. Beneath it is Slope’s own advance/decline summation index, showing how on the exact same days, the market has been making lower highs. In other words – – bad breadth, and you can't cure it with a breath mint.
I presently have 40 short positions. Below are my five best performers. It is certainly my hope to hang on to them for many weeks, if not months, to come.
Williams Companies (NYSE:WMB):
Apartment Investment and Management (NYSE:AIV):
Weingarten Realty Investors (NYSE:WRI):
Royal Caribbean Cruises (NYSE:RCL):
Holly Energy Partners (NYSE:HEP):
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