It appears the US open this morning was accompanied by a significant long-capitulation that slammed “most shorted” stocks down almost 3%. Since then, thanks to a USDJPY liftathon, “most shorted” stocks have levitated back to unchanged and dragged the broad equity markets back up too. The question is – now that the flush has been unwound… what happens to the market?
Dump and pump…
Thank you USDJPY…
via Zero Hedge http://ift.tt/1mk9Ysi Tyler Durden