Short Squeeze Knocking On The Door?
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S&P 500 held up through deflationary PPI that didn‘t spook the markets – gold and silver kept reading it all correctly, surging. Oil turning lower is another expected development, shared with Trading Signals clients – same goes for today‘s move in real assets (eyeing copper too).
Amid some peculiar strength in select equities (NVDA is a select positive example), S&P 500 is a in a breakdown from the bear flag that I brought up days ago. The question is always about how close a short squeeze is, and whether it can last overnight at least – thus far, the answer had been no, yet remember my last week‘s distrust of bottoms being formed on Fridays – and what about volatility metrics and options positioning? This spells quite some artificial demand today – I covered way more ground in today‘s punchy video, including the peace dividend expectations for Eastern Europe…
Select tweets and charts to highlight my opinion of tariffs respite and consequences beyond stocks.
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More By This Author:
SPX Bottoming Meets Tariffs Flush
SPX Bottoming Amid Stagflation Fears
Will SPX Bottom Hold?
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