Thursday, December 8, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,862 Blog Posts

No More Games of Hacky Sack on the Prison Yard

w_hackcircle

First, the small caps in the Russell are hanging tough again today, but they are still pressed up against the 50-day moving average.

Next, a few days ago I wrote about the weakness in the Prison REITs, namely CXW GEO. A reader then referenced how marijuana convicts were likely to be released from overcrowded prisons, especially. That rationale makes sense, and when we update the Geo Group on the second chart below, you can see the bear flag potential after the major breakdown.

Long are the days of Funions and Bugles from the prison canteen, along with cartoons in the rec room and hacky sack in the courtyard.

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IWM

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GEO

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5 comments

  1. bodhisattva

    Monster TLT move. Inverse H&S now in play.

  2. illmighty

    UGAZ underperforming

  3. ZooKini

    CMG wants more

  4. the impostor

    hello there gentlemen