From the desk of Steve Strazza @Sstrazza
As our Premium Members already know, we have a laundry list of scans that we run internally on an almost daily basis.
Different market environments, naturally, are more conducive to certain scans and less so to others.
For example, running our “Short Scan” right now is an absolute waste of time (which in itself is information about the current state of the market). On the other hand, our “Minor Leaguers” is perfect for the current environment due to its focus on Small-Cap stocks.
Our “Squeeze Scan” is also absolute gold for the current market. While Gamestop $GME is stealing all the thunder these days, it’s not the only stock being propelled higher by short covering. It’s happening more or less across the board in the most shorted names.
In fact, if you were to treat these hated stocks as a basket, they’d be outperforming even the strongest industry groups right now.
JC and Howard discussed the topic in this week’s Happy Hour video which you can watch here.