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.If you enjoy the content at iBankCoin, please follow us on Twitter