Shorts have been squeezed outSince Feb nearly all the shorts have been squeezed out. Look how few shorts there are in XLF. Perfect time to short!!! Everyone is sitting on the sidelines waiting for the markets to rollover. That means when all the shorts pile in, there won't be a lot of time and things will drop faster than anyone can imagine right now.
I think this drop will start sometime during the earnings period. So before the end of the month. JPM is coming out tomorrow.
Which exact day/time is the best time to short? Who knows and who cares. It's just plain cheap to buy short ETF's or puts right now. Protect yourself and make some money.
Also time to convert out of CDN dollars and into USD as commodities are set to drop hard. As an added bonus make a few bucks on the conversion back to CDN dollars once the markets drop and bottom.
| Ticker | Sector/Type | Short Int Ratio | Short % Decrease |
| | | |
| XLP | Consumer Staples | 3.8 | -20.9 |
| QQQQ | Nasdaq | 1.4 | -18.0 |
| IYR | REITs | 5.2 | -16.4 |
| SMH | Semiconductors | 2.3 | -15.6 |
| IWM | Russell 3000 | 3.4 | -12.7 |
| XLY | Consumer Discretionary | 3.2 | -12.3 |
| GDX | Gold & Silver Miners | 1.1 | -12.2 |
| XRT | Retail | 5.8 | -11.3 |
| XLF | Financials | 1.5 | -10.2 |
| SPY | S&P 500 | 1.3 | -7.6 |
| XLB | Materials | 2.0 | -7.0 |
| GLD | Gold | 1.0 | -3.1 |
| XLE | Energy | 1.7 | -1.9 |
| IBB | Biotech | 9.5 | 1.1 |
| EFA | MSCI EAFE | 2.3 | 1.4 |
| IWN | Russell 3000 Value | 2.3 | 3.2 |
| | | |
| AAPL | Tech | 0.5 | -35.2 |
| GOOG | Tech | 0.9 | -27.3 |
| FCX | Copper | 2.0 | -2.8 |
| BAC | Financials | 0.6 | -11.9 |