What is driving this market? Its rather simple, two words, short squeeze.
Last night, before I went to bed at midnight, futures where down 6 pts on the s&p. Today at 6am they s&p futures were up 5 points. A 2% swing in the s&p is rather interesting!
Many short see downward pressure and load up on shorts then and seeing market, quickly stop out for losses due to people buying stocks.
Right now the market has too much strength to short, I learned my lesson last month.
The best decision is to buy dips and sell rips. Keep high cash
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