January 22, 2016
ALERT: Major countertrend rally looms as the public (small traders) just made record short bets against stocks!
[b][b][size=18]January 22 (King World News) – [/b][/b][/size]Jason Goepfert at SentimenTrader: Small traders made a record bet against stocks on Wednesday. Odd lot short sales (bets against stocks for fewer than 100 shares) jumped to a new record, exceeding the prior record from August 24 (see stunning 10-year chart below).
King World News note: Even though the Dow is only up about 100 points today and still trading near recent lows, it is entirely possible that these small traders may get forced into a panic short covering as a result of a major rally before the global markets head lower. Bottom line, be cautious bears.