It loks like the short squeeze in the Russell stocks, may be coming to an end, at least there's a change in character.
Intraday TICK data (1 min) shows a solid afternoon trend, this is the short squeezem it's odd looking for a SS because it's not showing extremes of +1000, but more in the mid range, but remember we were looking at the MOST shorted Index, top 100 shorted R3K stocks. In any case, the trend is changing in TICK data now so I'll be on the lookout for other signals.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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