Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
The last few days have seen stocks explode higher, led by Dow Transports (up 10.3%) following Bullard’s QE4 jawboning. The Dow Industrials is back in the green for 2014. While the catalyst may have been Bullard (and/or Williams and Gartman), the “tool” is the “most shorted” stocks – which have seen their best run (biggest squeeze) in 3 years…
Shorts squeezed most in 3 years…
sending Trannies and Nasdaq soaring…
and The Russell 2000 back to unchanged for October…
Charts: Bloomberg