Captain_Walker

ULTA - journey south?

Short
NYSE:BABA   Alibaba Group Holdings Ltd.
ULTA had the last stand, amongst global markets heading south. But today ULTA was thrown off track. I've been stalking ULTA from 2016. Two years? No problem. Why? Because it was a risky one to go long for the last two years - and I didn't have the financial muscle to take it on. But in the last couple few days I saw a weakening of momentum, and made that judgement call.

In the screencast I show why I took a short entry position. I say that common sense in markets is possible but one has to have the experience to make a sound common sense decision.
Comment:
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus https://youtu.be/NjTdvALChwk ]