Here are three potential short-squeeze if the market rallies. They are near resistance, have a high short-float or near support. GDP- Rallying for the last few days, a break above the 5.73 50 day ema is bullish plus its a resistance level. JAKK- Short float over 60%, climbing and nearing resistance. MNKD- Near support, […]Read more
Below is a chart that shows a nice correlation between the price action of VIX and SPY. What the chart shows is that typically when the VIX moves towards the upper level of its Bollinger band it marks a low in the market and a bouncing point. It is same on the opposite side of […]Read more
Our indicator flashed OVERSOLD / BUY for the S&P today. The last signal was on 3/10 which started the 4% rally towards the highs before this latest dip. So how do you play this signal. Typically we set a 7% stop on our trades for these signals but if you want to really limit risk […]Read more
The markets and other sectors have now hit oversold territory based on our Piker Signals. The S&P barely hit Oversold but still has given a BUY signal. The Q’s and the Dow have both hit Oversold as well and issued a BUY Signal. Additional XLF the Financial Sector has given us a BUY […]Read more
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