Smart money shorted a little, not extreme, so not case 1 yet, might be still some up room.
How I use the chart:
I don't care what's the logic behind the chart. I found it works in the following two cases:
1.) When market up huge, if I see smart money huge short, best if new record short, then I know a short-term pullback is due soon.
2.) When market down, if I see smart money suddenly rises sharply from very negative value, then I know the pullback was over.
So I only use this chart for the above 2 cases. Besides those 2 cases, it means nothing to me. i.e. the absolute value of this chart means nothing to me, I only care if it rises sharply or drops sharply.
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No stock picks for the next week. Scan only found 272 strong stocks which is ok but not for we're near all time high viewtopic.php?f=10&t=2278
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A historic short squeeze in Treasuries may be about to unfold, as shorts in bond futures are the largest in over 6 years with positions short across all bond futures maturities; One small change: shorts in very long dated bond futures are being trimmed from extremes, added in other parts of the curve.
[Deutche Bank via zh]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.