The Day of Reckoning Looms for Huge Global Corporations

Shares of Joy Global are being dismantled, down over 15% on the session, sliding lower alongside gold, copper, and silver.

You may recall I am in this stock, not because I think globalism stands a chance under the Trump regime, but because Exodus flagged the name a few weeks back.  The position trade was a success, overall, because I scaled profits along the way.  This is why we build rules and trade.  Now, with the stock coming against me, I have a simple decision–cut the final runner if we close below the 61.8% retrace, or about $17.00.

See Also: Milking A Winner-A Case Study in Position Trading

I lost faith in JOY last week when The Donald laid waste to Lyin’ Ted and that other guy.  Companies like Joy Global will suffer as the United States shifts back to a nationalist agenda.  The jig is up.  No more chasing slave labor around the world–forcing the indigenous people into work/live camps until they rebel, then closing up shop and finding your next mark–without being subjected to steep tariff and import banishment.