How many are short?

MarketOwl

MarketOwl

This market feels like one huge short squeeze that started last Monday and has gone on for 10 days. Still a lot of nonbelievers in this rally and a ton of traders looking for a pullback. I think we break new highs in S&P by late July early August. To the moon Alice!
 
Was tempted yesterday, thought we could be topping.

I listened when the market failed to go lower...ES wouldn't have stopped at 1326.50 if we were going lower - blew out of my position at 1328.

No position trades now...my short was wrong. Just day trading.
 
they are all short. and getting shorter all the time

midget.jpg
 
This is a fake move. There is no underline fundamentals for this unless some have inside information not released yet.

I shorted Qs at the top @$59.35 today. Small position. Couldn't care less.

Volume has been declining steadily along this rally. Bad sign.
 
Not net long, NO shorts.

Booking the over-bought and entering into energy.


Volume declining isn't a negative divergence. Consistent with summer. Also means "less sellers".
 
why the rush?
it's Friday, and next monday will be big gapdown.

Quote from intradaybill:

Covered short QQQ @ $58.51 + $0.85/share

Enough for a weekend at a 5* hotel, airfare paid.
More...
 
Quote from intradaybill:

Covered short QQQ @ $58.51 + $0.85/share

Enough for a weekend at a 5* hotel, airfare paid.
More...

You and I seem to have taken a short view at the same price level and time! (see below).

I however think we shorted the wrong EFT. We should have shorted the SPY instead.

I bought puts, but surprisingly IV actually fell/didnotchange on the puts I bought---It should not happen, but it happened.

Quote from tradingjournals:


59.30 area is the 52 week high. So you can say, I am getting in front of a bull with long horns.
More...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=222992&perpage=6&pagenumber=27
 
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