It's Time To Short
Tim Knight | Feb 15, 2018 01:21PM ET
I’m starting to think it’s safe to go in the water again. I said a number of times that I would be interested in shorting again if the Dow got to “the low 25000s.” It got up to about 25,200 Thursday morning, so I started shorting again, rather aggressively, including buying IWM puts. As for one specific idea, here’s chemical maker FMC:
Besides having broken a major supporting trendline, it also features a very clean topping pattern with a squeaky-clean stop-loss price.
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