Beaten-down issues, such as FSLR LVS WYNN, are enjoying snapback rallies even if they are still within the context of broken charts. Overall, equities are squeezing eager bears from two sessions ago, despite glaring weakness again in the likes of AMZN GPRO, and crude oil. Playing longs like LVS here can best be described as a "rental" into Christmas, rather than a meaningful swing trade, given the damage and presumption of overhead supply on those types of charts.
I am more interested in the bond short thesis here, as I went long TBT to play the short side (it is an inverse Treasuries ETF) late yesterday on this blog. TLT is confirming the bearish hanging man candlestick lower. And I suspect a year-end profit-taking spurt in bonds would be appropriate.
I am considering a TBT add today.
Regarding my other positions, CORN is acting reasonably well on the long side, and the UNP short is still in play.