It's that time of the month again. Time to play catch up on how the bearish charts of the past month performed. This is a review of the bear charts between June 26 and July 21. The bull charts, along with Shake Shack (SHAK) will come along in a separate post. Shake Shack had the dubious honor of being an either/or setup.
Overall, the month turned out better for the bearish charts than I had first thought. Granted, the grading is subjective, but I tried to simplify it this time around -- just using grades of A through F.
As always, I welcome any feedback on the grades. Projections, stops, drawdowns, and consistency (aka stress levels) are taken into account when determining a grade. In the end, there were eleven charts -- with 5 receiving As, 3 receiving Bs and one each coming in at C, D and F.
If you think the grading is too easy, take a look at the charts and let me know how you see them, and why. The market stuttered a bit, providing some big winners in the energy department while earnings turned a few short setups into a win for the bulls.
I prefer to let the charts tell their own story.
