For a longer term short trade-with risk management allowing for some possible upside, GIL is looking very bad.
Note the 3C distribution into the top, the volume is correct for a top-heavy on the decline and I doubt that it moves much further north then the last rally. On the other hand, if the market breaks down soon, this may be as far as she goes. I think this could be trading in the high teens.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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