Adding To My Short Collection
I’ve had some trouble this week making money from the long side, so I thought I’d try a short. Polaris Industries (PII), maker of those ATVs that you usually see wrapped around a tree or flipped upside down just does not look good from the long side. Take a look:
Price is rejecting off of the daily point of control leaving a shadow higher. My Volatility Based Support and Resistance Study also is not a fan of ATVs:
I took a starter in April puts in accordance.
I never liked these things anyway.
Trent J. Smalley, CMT