kingmidasLXIX

Short Squeeze 101

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Short-term bullish, too much damage too quick. Long-term bearish, not pricing in the ramifications of shuttering the GLOBAL economy, & mountains of debt. Definition below for reference.

"A short squeeze is a rapid increase in the price of a stock that occurs primarily due to technical factors in the market rather than underlying fundamentals. A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions."

TA x Personal Opinion = not investment advice

Komen:
Will expect further upward movement from the ETF if can break above trend line. Will not short again heavily until it breaks constricting triangle or hits target.
Bullish short-term... Brrrr
Penafian

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