Most Shorted Index Drops

Friday the Russell 2000 broke away from the rest of the averages with a +.37% gain, nothing really to warrant mention, only the other averages were less than half that, the SPX closest at +0.17%, the NASDAQ100 @ 0.08% and Dow @ +0.15%, this entirely due to Most Shorted stocks being squeezed, the same as they were at 2 p.m. on Wednesday as the F_O_M_C policy announcement came out, we saw that again briefly this morning, now there's a notable change in character, it's early so I won't call it a trend, but a change in character that may be meaningful and thus bears watching closely.

At the white arrow the MSI (red) surges and lifts the Russell 3000 (green) at the 2 p.m. F_O_M_C, Friday in to the afternoon Most Shorted stocks were squeezed again to minimal effect , again this morning we saw an initial squeeze attempt, but since then and after the US PMI (Manufacturing) data came out, look at the Most Shorted Index now (orange arrow)...