Short Squeeze Takes Hold
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- In the Morning Capsule we wrote:
…it is Friday and short squeezes are common on Fridays. If a short squeeze occurs, there is potential for a rally.
- A short squeeze has taken hold.
- Our review of a large number of stocks shows that the short squeeze is particularly viscous in select momo stocks.
- The VUD indicator is the most sensitive measure of net supply demand in real time. Orange indicates net supply and green indicates net demand.