Short Ideas

[gfp927z]

CTIX making a nice rebound. I'm still expecting a financing announcement fairly soon though. They only had $7 mil in cash as of Sept, and have a full schedule of clinical trials planned and ongoing, so something has to happen on the cash front soon.

The overall market not looking too hot at the moment. Chart-wise it's been looking choppy/toppy since Oct. The main indices have formed a bearish near term Head + Shoulders, so will see if the Fed/PPT can step in with more juice to reaffirm the uptrend. But after 6 years it's looking long in the tooth.

The QQQ never did make a new high in late Dec (unlike the SPY and DIA), so it's formed a bearish near term descending triangle.