I don’t know how many times I need to show this to you, for you to understand the winship, for lack of a better term, is palpable.
That being said, the market has taken on the tone of a vigilante, in search of criminally minded short sellers. Using the algorithms of Exodus, we can very easily discern which stocks might be set for a significant squeeze to the upside.
Here are some names. The link is here for members.
(Stock, technical score, 1=weakest, 5=strongest)
ANFI 4.54
MAT 3.84
TTWO 3.84
ADT 3.79
FAST 3.79
OMI 3.79
ANF 3.74
BGG 3.74
VRSN 3.69
CLB 3.64
You will notice there was just 1 oil related name in there. That’s because the sector hasn’t earned the privilege of a high score, as the price action has been wholly belligerent and without any sense of decorum. My best guess, there will be a considerable number of oil names in the short squeeze screen tomorrow, providing the market and oil continue higher.
In our momentum analyzer, there are plenty of oil names, if that’s what you’re interested in.
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six weeks of the HFT power slide and the bears were in full comment mode. what happened. come back 1575 people come back
Perhaps we all have to be “winners” like Donald Trump., LOL If the market isn’t going our way, we are not “winners” at the moment. The moment is all that matters, as most people have the attention span of a gnat.
So we disappear until “winning’ in the market brings us back to life. Kind of like the Sleeping Beauty fairy tale, only it applies to both genders equally, with the market as the one and only all-powerful charming prince.
Nymph’s Take..Everyone is thinking there is going to be a Big Master Coordinated Plan out of the G20 to save the world this Weekend. But IMHO I agree with China’s Stance..”It is wishful thinking to expect a deal addressing currency volatility – like the 1985 Plaza Accord – to be struck at next week’s G20 meeting in Shanghai” says China’s finance minister Lou Jiwei. Yep, China may try and keep their Yuan stable going into G20? But this is not 2009, they are not out buying up all the Copper they can. The following week is Draghi and BoJ…heartbreakers to the bulls when they do very little. Bottomline, EU can’t go Full Crazy when UK is just looking for a reason to kick them to the curb. And after the failed econ data out of Japan, Abe/Kuroda’s political future can’t take a Full Crazy that fails at all. Enjoy Bulls, us Bears will be back after your little Dreams are crushed. No Cocaine for You.
us Bears will be back after…. cool will look forward to trading in your preferred direction when we get there…
so no cocaine for you only congee 😉
Anjing, We are already in our long term bear direction. IMHO it started when SPX was sitting around 1755. Yes Markets go up, but way too many stocks went down..just ask WYNN. Notice how most bulls didn’t do good in 2015. Yep, I will eat my gruel, it’s a lot more healthier then Coke and won’t ruin the teeth, lol.
@ Nymph…. so you are saying that the SPX bear market started back in Feb 2014? TIA