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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Deep Underwater

chessNwine Fri Feb 1, 2013 11:02am EST 2 Comments

The main trap to avoid in 2013 has been building directional short positions on the market, and building them as the rally continued. Those shorts are now deep underwater and hoping for a top as a reprieve.

In the short-term, I am still watching the 1509 level on the S&P 500 Index for resistance. Above there, and 1523 is within reach.

Until then, the trend higher is in control. Here are some of the top short squeeze plays today from one of my favorite screens inside The PPT.

(Click to enlarge)

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2 comments

  1. Tom
    Tom
    February 1, 2013 at 2:30 pm

    For a squeeze, see CRR. 20.8 short interest ratio and screaming higher.

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