Futures seem to be up, so expect one of two things:
1. Short squeeze on low volume
2. Pressure short selling on low volume
All of the hot shots are gone to the Hampton's today and the mice are playing. If there are some strong, big dolla bulls out there, we can easily squeeze back to 900 on the S&P. With my cash yesterday, I took positions in retail, via LOW and GME. LOW is a short-term play but they are better than HD (in my view). GME is ridicously oversold in my view. With an RSI at 28 and volume over 7x the average, we should see a good bounce today of 3-4%. If not I will buy more. I have been looking for a stock that i build a monster position in, that I really understand, and GME might be the one.
I will look at small caps today as well. Names like: LEA, STEM, XTEX, CTIC, HL, and BZ have great potential. I will trade around with them and hope we get some fuel today and they rip higher. I'm outta here, good luck, and catch you later.
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