Yellen = Hero #2 + Get Short Interest Updates Feb 11th
- What can I really say here? So far Yellen is hero #2 to the bulls. Whether this is a bull trap or not remains to be seen. Small caps and consumer discretionary are lagging, we may be overbought, but for now if it looks like a bull, smells like a bull, then….
- I’m not going to bore you with details about this market being on fire. I’m going to go straight into the 2 charts of the day and 2 tweets of the day (yes 2). And keep reading because I’m going to give some updates on some interesting short interest changes.
- Charts of the day: This is the 1929 analog you have been seeing over and over
- Thanks to @RyanDetrick, we now have the same 1929 analog, but in percentage terms (you can read full piece here)
- Tweets of the day:
- Here is some short interest updates. These updates only come out bi-montly. The settlement date for these just released stats is 1/31. Of course it could be different after the last week and a half, but this is all we get so it’s what you have available to go by.
- SPY – increase by 6.4%
- EEM – increase by 20.8%
- FXI – increase by 52.8%
- CAT – increase by 71.9%
- EWJ – increase by 101.6%
- GMCR – decreased by 12.3% and is at 27.5% short float
- TSLA – decreased by 5.3% and is at 35.2% short float
- LULU – increased by 7.1% and is now at 20.7% short float
- ANGI – increased by 7.6% and is now at 42.6% short float
- SCTY – increased by 16% and is now at 28.1% short float
- SODA – decreased by 14.2% and is now at 38.7% short float
- SRPT – increased by 5.2% and is now at 35.2% short float
- SPWR – increased by 8.1% and is now at 34.7% short float
If you live on the East Coast like me good luck and stay warm. If you don’t, well, whatever.