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Afternoon Note

Mother of All Short Squeezes

By Charles Payne, CEO & Principal Analyst
10/18/2021 1:26 PM

I am loving the action today.  It's subtle, but it is the kind of beneath the surface action that's telling.

Utilities and Healthcare are laggards today as the risk on trade resumes.

S&P 500 Index



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU




There were more downgrades this morning than usual, but actual sell ratings are back to pre-pandemic levels.

Chart, histogramDescription automatically generated

Tesla (TSLA) is one of the stocks to watch this week- big wall street shorts failed to jawbone the stock lower - it might be the mother of all short squeezes this week. 


Great positive report!!!!!!!!

Patrick J Pedley on 10/18/2021 2:49:42 PM

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