We've seen some epic short squeezes recently. Here's a list of stocks with at least 15% of their float sold short and then filtered by 10-day rate of change. $NVAX $GME $PTON $ZIM $RDDT $TMDX
With all this talk about Alibaba on my timeline, I'd like to remind everyone how poorly $BABA treats its shareholders. It has gone nowhere in a decade and is making new all-time lows in relative terms. I could not be less interested in this stock.
Is this the end of the bull market? Is that the bet you're making? Because those are the implications of these massive tops completing in Tech and other High Beta
Technology $XLK and Discretionary $XLY leading the way higher today makes sense in the context of the daily RRG. They are the only sectors rotating into the improving quadrant, everything is weakening.
The market is designed to fool the majority. China $MCHI $FXI has been getting a lot of attention recently, but it appears to be losing momentum versus its Emerging Market $EEM peers in the short-term.
The VanEck Biotech ETF $BBH appears to be making a decisive upside resolution from a multi-year basing pattern. Unlike $XBI and $IBB, $BBH only holds the 25 most prominent biotech companies.
Short sellers have continued to add to their positions in InterDigital $IDCC as the stock has gone from the lower left to the upper right. Is it time to squeeze them again?