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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 396.31

-0.6%

Dec 31 4:00 PM EST

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From: Snowshoe	2/9/2021 6:41:20 AM
	2 Recommendations Recommended By Julius Wong marcher Read Replies (5) of 218898

More fuel for the fire... Short squeeze seen lifting S&P 500 further - Citi finance.yahoo.com Feb 9 (Reuters) - A squeeze of short positions looks set to drive a further rally in the S&P 500 index, Citi said, as hopes for big fiscal stimulus drove the U.S. equity benchmark to new record highs. Nearly $10 billion worth of shorts were unwound last week on the S&P 500, the largest rate since April, and $21 billion shorts still remain and are in loss, analysts at Citi said. "There is potential for further short squeezes supporting market gains for another week or two given the size of the remaining short base," they wrote in a report late on Monday,based on data on the exchange traded futures. They also said that at 4,000 points holders of long positions on the index could be tempted to take profit,potentially holding back the market in the short term. Note: It looks like Chlorox had a squeeze... And the Kroger grocery store chain...

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