The headline short squeeze on Monday and the reconstitution squeeze last Friday are not based on fundamentals. These are external events that caused a market imbalance to the buy side.
With the S&P futures up +29 on Sunday this is not an entry point. We must be patient. Stock and option prices will be out of sight at the open and there is a good chance we could get filled at the high for the day if not the week. When headline events cause these giant short squeezes we must step aside and wait for normal conditions to return.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays