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The S&P 500 faded today ahead of a looming raft of inflation data we’ll see over the next few days.
In my view, given the recent strength of the market, traders seem to have bought the rumor… and are now poised to sell the news.
The result, for the moment, is a flat market. That said, one area of potential strength right now is in high short-interest stocks that are seeing bullish unusual option activity.
GME – no stranger to a squeeze – is seeing this kind of activity right now. We’ll look at how to find the next gamma squeeze, and we’ll look in on tickers like RH, PBI, BBAI, BB, MPW, FYBR, and KODK.
Let’s get started…
