Are you using the scanner? One of my favorite scans is showing exactly what I want to see. It is another tell in my bearish equity thesis. Run the scan for longs and shorts. Click here for instructions. You can see that there are far more shorts than longs setting up. As a matter of fact, when you filter for shares trading at least 500k per day, you come up with only shorts and no longs. This is further confirmation that what we are seeing is nothing more than a pullback in a downtrend.
In conversations with customers, I am constantly amazed at how few are utilizing this very important tool.
Joel Stahl
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