These are LONGs. Usually they step aside from short. But the best shorts are previous leaders. The most crowded trades have the most sellers. Plenty of well known names down 50% already. But even the strongest shall fall too. The strongest are the top 20. Near 52W high and up.
Using Barchart's 200 most liquid stocks. The 52 Weeks Highs - Lows has been negative since Feb19 Minor reversal on VIX When VIX starts to trade like a growth stock that bounces off the 21DMA ...
Holy Sh..t UNH down 22% (earnings) Basic are taking the lead HTZ shares surged after Pershing Square, led by Bill Ackman, disclosed a 4.1% stake in the rental car company. Efficient Market ?
52W Highs - Lows still negative. Basic Materials still leading. Might play just like COVID but uncertainy remains, Risk of recession + inflation + madman still here China trade deal likely another scam. SPY still under key averages (21, 50, 200). SPY still under key resistance 550 MSTR + BTC playing really nice.