More specifically, I’m talking about the short interest. On the Earnings Calendar, I show 69 companies that are expected to report today. Focus on the price action of the and remember to hold onto your edge realizing that in just one day markets are now very close to overhead resistance in a bearish overall pattern. As good as it was to see such a nice relief bounce lets keep in mind that the indexes have significant overhead resistance and technical damage that it has yet to recover. If breakout occurs to the downside expect a strong run to 2075 support level with a breakout to the upside being short lived. Round bottom looks nice as well as the double bottom (almost.. more if you think of aa supportzone than the previous low) And then we... Bot @ 1.15 Bitcoin massive short squeeze could be coming... Bitcoin, The Great Shakeout| Short Squeeze Fractal, Expect Trendline break to downside before the BIG SHORT SQUEEEZE. There is a buy signal in the RSI and will be soon at the MACD, the latter presents divergence with the price. You see, traders who are short a stock don’t have defined risk. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Mechanics of a Short Squeeze. They just think the stock is “up too much” and it has to pull in…. Nordstrom is 5* rated Morningstar, and A-rated Profitable company. With momentum stocks (stocks that could move a lot… very fast)… and shorting this type of stock is very dangerous. Less advanced Math for the moment. How to Spot a Potential Short Squeeze. If you notice, once VERI broke above the blue horizontal line (an area of value)… the stock just rocketed higher. At 9:00 AM the Case-Shiller is calling for continued strength in home prices with an adjusted monthly consensus of 0.7% gain and a year-on-year rate seen at 6.2%. Then, at some point the shorts (who were over 20% of the shares floating) probably covered their shares… which increased the demand for the stock even further (remember shorts have to buy shares to cover their positions and prevent any further losses). It is called a bear trap, because this chart pattern often lures traders into short positions only to quickly reverse to the upside. Home|Login|Articles|Terms & Conditions|Disclaimer|Privacy Policy|Refund Policy|Affiliates|Contact us. … if the stock continues to run higher… more shorts are forced to close out their positions because they simply can’t take the pain. Bullish Engulfing. Additionally, there was a bullish chart pattern forming, and I was able to identify an area of value. Well, you have technical traders who bought the break out above $7 (I was one of those buyers)… which increased the demand for the stock. No, I don’t have a crystal ball of any sorts… but I do know the characteristics of these stocks, and I believe its worth it for you to learn them too. After a decline due to a bad report expect to rise to the first line of resistance, with the help of the shortlisters. Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin, EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CHF, Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc, S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index, Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin, US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y. Well, do we really know where a stock could go? Somebody is seriously wrong, who is it? Trading volume and volatility tend to decline during the summer historically. There is a very large short position ... slightly better than 30% of the Float. When traders short a stock, they have to borrow shares from their broker to sell it… because they’re selling something they don’t own… and at some point they have to buy back those shares short in order to cover their position. This is for educational review. Those who were short took it on the chin… heck, some traders might have even blown up their account betting against this stock. So the price of bitcoin went about 200 dollars above my target and Right now I am using the bitfinex chart because it is leading the way in terms of bullish strength, which makes sense because it also lead the way in bearish strength on the downfall. To protect themselves from additional losses traders that were holding short positions were forced to cover accelerating the rally and squeezing even more out as the day progressed. You can either be a trader who gets squeezed… or a trader who buys the stock and “squeezes” the shorts… I prefer the latter. This combined with weakening short, mid, and long term momentum indicators leads to a slightly bullish position. An impressive short squeeze rally was triggered yesterday as panic over a potential trade suddenly seemed not so likely. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. the plunge protection team jumped in and said that they are ready to facilitate this market and cut interest rates if need be…. Stocks were on the brink of collapse on Monday…. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. The fear of missing out (FOMO) is a powerful emotion that often efficiently robs traders of their hard-earned capital so quickly it will leave your head spinning. I also use the Russell to gauge investor sentiment. Me? However, I do follow the Russell 2000 carefully. I stick to trading catalyst driven momentum stocks based on a couple simple chart patterns and my horizon line. © 2007 - 2020 Hit & Run Candlesticks - Trading For Profit and Right Way Options.

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