I’ve been patiently waiting for this point since the sell off began. The point in time where it hurts to be short just about anything, where everything is so short term oversold there’s only one thing to do, BUY STOCKS.
This is where you recover from your drawdown, if you’ve been patient. This is where you unload your dry powder.
My short term momentum screen inside The PPT is firing off 331 tickers (this might be a record). Gentlemen, the squeeze is upon us.
Charts of interest for Thursday include: