A couple things happened on Friday that (judging by history) make me think we could see more short-squeezes this week:
1) Borrow rates spiked for some popular shorts (often a sign of shorts pressing).
2) Legit small-cap growth stocks (some heavily shorted, some not) sold off en masse in tandem with heavily-shorted junk ( $iShares Russell 2000 Growth ETF(IWO.US)$ was down 1.2%) . When this has happened in the past, these stocks have often later moved higher in tandem.
Throw in rates fallin...

$iShares Russell 2000 Growth ETF(IWO.US)$ ▶️

$iShares Russell 2000 Growth ETF(IWO.US)$ $Ishares Russell 2000 Value Etf(IWN.US)$
Source: Bloomberg

Find out the detailed market update for $E-mini S&P 500 Futures(SEP4)(ESmain.US)$ , $E-mini Russell 2000 Index Futures(SEP4)(RTYmain.US)$ , $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US)$ and $E-mini Dow Futures(SEP4)(YMmain.US)$ using Wyckoff techniques. This video is extracted from my Weekly Live session on 7 Nov 2021.
Key Points
- Why there is heavy accumulation in Russell 2000 ( $iShares Russell 2000 ETF(IWM.US)$ ) via the apex formation.
- How to anticipate if a potential rotation will happen from $S&P 500 Index(.SPX.US)$ , $Nasdaq Composite Index(.IXIC.US)$ into $Dow Jones Industrial Average(.DJI.US)$ and $Micro E-mini Russell 2000 Index Futures(SEP4)(M2Kmain.US)$
- Why the indices could be in a vulnerable condition and what to expect.
- Using Wyckoff's law — efforts vs results to interpret the supply absorption and judge the timing of the up swing.
- Sector ETF to focus: $Industrial Select Sector SPDR Fund(XLI.US)$ $Invesco WilderHill Clean Energy ETF(PBW.US)$ $iShares US Home Construction ETF(ITB.US)$ and watch out for the extensive run in $VanEck Semiconductor ETF(SMH.US)$
- For small cap, feel free to explore $iShares Russell 2000 Growth ETF(IWO.US)$ $iShares Russell 2000 ETF(IWM.US)$ $Ishares Russell 2000 Value Etf(IWN.US)$
Watch the video below