Short-Squeeze Lifts S&P To Critical Technical Level; Bonds, Dollar Shrug

The Dollar is practically unchanged (amid some volatility) and Treasury yields are officially unchanged across the entire curve… but that doesn’t stop the short-squeeze continuing to lift Nasdaq stocks 1% higher and the S&P back to its 50DMA

Just keep buying…

 

With “Most Shorted” stocks now up 5% from Thursday European close…

 

Lifting the S&P 500 to its 50DMA, having bounced off its 200DMA

 

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