iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,034 Blog Posts

Retail Leads Stocks Higher; The Short Squeeze is On

One of the tools that I use in Exodus to gauge the markets cross references intraday moves with % of shares sold short. Right now, as we speak, stocks with more than 10% of shares short are higher by 0.78%, led by gains in $SCSS, $ANF, $CMCM and $GES. Apparel stocks, as a sector, are higher by 3%. There is no sector that is more shorted than retail. Hence, the sector is ripping tits to the upside.

Sans large short positions, stocks are merely higher by 0.3%, demonstrating without a doubt that today’s rally is being fueled by a short squeeze.

Bearish sentiment had been accumulating, with thr gains in bonds. Should that unwind, and I think it will, equities will benefit most, especially stocks with large short positions.

More later.

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10 comments

  1. metalleg

    That picture of Hillary gets me every time. It’s a classic. Need to crop her face and add captions for t-shirts, backpacks, lunch boxes, notebooks, coffee mugs, etc.

    It could really work on anything.

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    • derp

      For real. She had a fucking spaz out moment live in national TV and nary a peep from the media whores.

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      • ericbakerbruce

        Bill was pointing at Monica and Hillary was saying to Monica “this is what your face looked like most of time you were my husbands intern”

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  2. itinerant

    The one and only CLF coke train on the move. See what I did there.

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  3. frog

    For Right Wingers, the entire meaning of life is to bash Democrats. Can’t even blog about retail stocks, or comment on such blog, without it being all about a former Dem candidate who hold no public office and has no power. Meanwhile the guy who does have the power is effing everything up royally. But he’s a Republican, so no comments on him.

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    • derp

      Eat shit and die, fuck face. I liked Mondale. I despise the Clintons. Go fuck yourself.

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      • metalleg

        He needs to answer why the Dems are so easy to criticize?

        Just watch a video clip of Maxine Waters or Nancy Pelosi,.

        How can anyone in their right mind defend that?!?!

        There are plenty of Republicans that are jerk offs too. McConnell and Ryan come to mind but the faces they make don’t come close to those of Shillary.

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  4. heaterman

    I’ll be the first to admit and say that Trump says some really stupid stuff. His communication skills are about 6th grade level.

    But!…The triumvirate of Feinstein, Waters and Pelosi hold all records known to mankind when it comes to supremely idiotic utterances.

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    • derp

      You’re a tool. Donald uses what is called Socratic Irony. And it works. The reason why it works is because no one fucking listens anymore, they are just waiting for their turn to talk. Once they talk, they’re exposed. Then you pounce. Verbal rope a dope.

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