Short Squeeze Candidates

CME

Very very strong today. This stock can run tomorrow, but a pullback would also be very nice. Days To Cover (Short Interest Ratio) 2.3

HANS

Buyout rumors, good consolidation. Days To Cover (Short Interest Ratio) 9.9

LULU

Chart is a little sloppy but it is right and support if it fails here, it will be headed to the lows. Today's action was very promising. Days To Cover (Short Interest Ratio) 8.0

MW

Not the most bullish looking chart, but it has been consolidating for a very long time and has a big short interest. Today's action looks good. Days To Cover (Short Interest Ratio) 10.0

SHLD

Possible bull flag, but I have my doubts. It is at a critical point here, at the 100 DMA and previous support and the bottom of the trendline. So if you take it, the stop is easy. Days To Cover (Short Interest Ratio) 11.4

UA

Not the greatest fundamentals FPE 20. The price action is somewhat confusing, it ran up high but it pullback way too much. Today's action is a plus. Days To Cover (Short Interest Ratio) 16.6

I will also look to buy some very oversold coals stocks IF the market acts strong: MEE, ACI, BTU.

CME, NYX, ICE

Charts are starting to look very bullish.

CME

There is undeniable support at 320. It broke out of its channel, has had a pullback (a little too much), and is now approaching its recent highs. This is my favorite exchange stock by far. Days To Cover (Short Interest Ratio) 2.3


NYX

Broke out of the wedge, pulled back (a little too much) and is now trying to hold above the 10, 20, 40 DMA. Days To Cover (Short Interest Ratio) 2.4

ICE

Broke above 80 once again. This one still needs to heal. My least favorite. Days To Cover (Short Interest Ratio) 1.5

A quick look at exchanges

I am starting to turn bullish here.

NYX

Critical point for point for the NYX. If it holds above the moving averages and that descending line, it could very will be on its way to bottoming.

ICE

Made a lower low. I love to see stocks break below their lows, bring in fresh shorts, then squeeze them all the way up. If it can regain 80, then a bottom could be in.

CME

The most promising of them all. Huge consolidation, breakout, now it is very close to testing the breakout. CME looks very interesting here, above the increasing 20 and 50 DMA.

Exchanges - Could they be bottoming?

NYX broke below support, will this sucker in a few shorts and then rip higher? I would wait and find out before getting in.



ICE has pulled back in between the 20 and 50 DMA, its do or die from here. I am tempted to buy with a 90 stop. Cup and handle? Only if the handle doesn't break!



CME is still in very tight range, easy to buy at the bottom and exit if it breaks. If CME does not gain any support here, time will wear it down to the downside.