Rather boring day here on the street, perfect day to ride a bike or something. The S&P is stuck in the 830-860 but nothing really exciting to watch. The three options is to:
1) sit in cash
2) buy and hope for a short squeeze
3) build short positions
The first two are the best of the three because the market has some strength and it is telling the short sellers that you "can't short yet".
As for myself, I am still long and have a tiny short position in CAT and I am long SDS. I bought 50 shares in the mid $66's, so I don't want to add above that. As for the marekt, it looks like we can go either way.
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