Futures are indicating a decline in the S&P, right now it would open at 808, which is about 16 points lower from yesterday. As mentioned yesterday, my indicators show that the market is NOT overbought, so I will keep an eye on the 805 support. I will use this as a guide to determine my actions. If we get a nice pullback and begin to rally, there is a list of good short-squeeze opportunities:
UA - (22.50% of float short)
FSYS - (42% of float short)
PFCB - (30.70% of float short)
MATK - (28.4% of float short)
VPRT - (29.8% of float short)
I am still long all my positions and will post accordingly. Right now I have about a 68% cash position and the other 32% includes all my equity and options holdings. My key advice is to watch the S&P levels, especially 805 for support. If we break, we could sell off harder.
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