August 28, 2012 at 07:25 AM EDT
Short Interest Continues to Support New Highs
Although I have some near-term concerns creeping up, one reason I firmly believe the overall uptrend will continue -- pushing the S&P 500 Index (SPX) up near 1,525 when this calendar year is finished -- is the action in short interest.As I've been noting for several weeks now, total short interest on all optionable equities (about 2,600) has recently peaked and continues to drop...( Read More )
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