Top Tweets for #RespectThePig
$IONQ was a great long trade as a one-day wonder trade after the CEO proved once again that talk is cheap. You can say you want to be the NVDA of your industry all you want, it does not make it reality. Thus we #RespectThePig and so #EatMyShorts
The #CramerCurse is starting to take effect. Junior gold miners via the $GDXJ, as I suspected, go tail-up this morning after blistering upside moves in March. It was a good move to sell into this morning as the pigs were certainly coming off the runway. #RespectThePig
OWLs will recognize the long entry trigger in $AG that occurred two weeks ago on the U&R long set-up at the prior late January low at 5.14 as discussed on The Feed at that time. That is now a 42% gain in eleven days. #RespectThePig
Things have definitely gotten piggy in the precious metals space. #RespectThePig π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·
$META a beautiful short-sale target six days ago when it triggered an aggressive short entry at the 10-dma, then three days ago when it busted 20-dema support. Today's MAU&R at the 50-dma is a classic OWL cover point. #RespectThePig
A telling sign - my gold mining rippers last week, such as $AGI, gap down at the open & were day-tradeable long off the opening lows but those rallies quickly lose momentum and over the falls we go. Of course, things had gotten a big piggy in the space. #RespectThePig πΈπ·ππΌ
Now ATH for $NIKE
#RespectThePig
https://t.co/cOOnBIy8f9
Now, does everyone understand why we #RespectThePig and take big short profits when we have them right off the peak? Short-selling is all about understanding what the market is willing to give you, and then letting things breathe once things get piggy.
Note that the Pig-O-Meter is giving high readings on $SMCI - π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·- just as it starts to come into potential 20-dema support.
Above all, when short-selling, you must always #RespectThePig. When the pigs are on the wing and you are raking on the short side, that is when you absolutely must have your guard up. Otherwise, you may end up eating your own shorts - trust me, I speak from experience.
Century Mark set-ups should work the same long or short. You are always looking for some points "in a jiffy." $SMCI short entry at the $800 level on the "false movement" yields more than 50 points "in a jiffy." Watch that 6-period line and #RespectThePig πΈπ·ππ½
About two hours before the close, my Pig-o-Meter hit a very high reading of π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·. Remember, we OWLs began shorting the market and selected leading stocks in late July. #RespectThePig
When short-selling works well it tends to work easiest. In the process, it can make you feel quite smart, but keep in mind that success on the short side is generally found when the market tide is moving in your direction. Do not fall into the invincibility trap. #RespectThePig
My Pig-O-Meter went bonkers today: π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·. So do we get more news of a worsening $SIVB crisis over the weekend or news of action to stem the tide that triggers a big gap-up rally. Tough choices. #RespectThePig
Pig-O-Meter readings were very high this morning, at one time exceeding π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·π·. #RespectThePig
This has been a very piggy week on the short side, frankly. Can it get any piggier? π·π·π·π·π·π·π·π·π·π·π·π·π· #RespectThePig
Why buying breakout is extremely sub-optimal while OWL long set-ups and entries remain your best approach if you are to have any chance in this market. This one was good for a two-day run > 13%. That's piggy. #RespectThePig πΈπ·ππ½
Definitely a bit piggy over the past two days on the short side. π·π·π·π·π·π·π·π·π·π·π·Pig-O-Meter readings are rising fast. #RespectThePig
The thing about this market is that it is always standing on a rug - and that makes it vulnerable to rug-pulls. #RespectThePig
$AU and $GFI were on fire last week, and we bought them nearly a week BEFORE the CPI number per the proper OWL set-ups at that time. Once the ducks start quacking, the pigs start oinking, and the dweebs start chasing, however, it is time to take profits. #RespectThePig
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