On this week’s edition of Moxie Indicator Minutes, TG discusses how the market is at a very difficult spot to interpret right now. On one side, things are stretched and there is enough bearish kindling to set off a short squeeze. On the other, what reason do people have to buy and drive the market up? The BoE bond buying news looked like it could have been that short squeeze opportunity, but today’s failure might indicate otherwise. So keep things light and nimble as we wait to see what happens next.
This video was originally broadcast on September 30, 2022. Click this link to watch on YouTube. You can also view new episodes – and be notified as soon as they’re published – using the StockCharts on demand website, StockChartsTV.com, or its corresponding apps on Roku, Fire TV, Chromecast, iOS, Android and more!