Shorts On The Run

While everyone waits for the Fed to do their thing, there are some explosive short-squeeze situations out there today. Case in point - many of the gaming stocks which looked like they were headed to zero have reversed course in a truly spectacular fashion.

Remember, trend channels work both ways and there are a number of reversion to the mean setups (i.e. playing oversold counter-trend situations) if you have the courage and cash to trade them. Frankly, if the market is truly bottoming out, we should see many, many, many more of these kinds of setups.