I think the shorts have been squeezed out of most if not all their positions in the last 4-6 weeks. Anyone going short only to see the market move higher will cover their short pretty qucikly, this is contributing to the new highs.
not likely - we are still heavily short. you can tell from the lack of big moves in the past 3 weeks - we've just crept higher. a sign of shorts getting out are pops - of which we have had none.
Goldman and their close "friends" were probably well positioned before they made that mysterious adjustment in the index. Sure won't get this kind of info on CNBC.