The Shorts Did Not Panic Last Week

In Erlanger Chart Room, we track how Short Squeezes are doing against Long Squeezes. Everyone know what a short squeeze is and a long squeeze is where there are no shorts and weak technicals. These are THE best stocks to short EXCEPT for when the market hits a low and bounces.

We saw this in the work as our universe of short squeezes made 5.70% week over week while the long squeezes made 5.43%. The Russell 2000 gained 5.65%. If shorts were really covering last week, then we would have seen some outperformance of the short squeezes and another category we track shorts are correct. We did not.