Daily Trading Videos on Options, Stocks, Futures, Forex markets

This Indicator is Saying to Get Ready for Short Covering?

May 5, 2016

Although the Nasdaq has rolled over here and has a clean technical break, I'm starting to see signs that we are getting short-term frothy on downside. All this means is that some relief is in order. When too many people are short and there is no one left to sell, it's time to knock a few heads together. Let's take a look.