As we approached oversold, we prepared for a large bounce in the market.
Our list of 44 potential short-term bounce candidates (high fundamental scores, low technical scores, high short interest) returned +9.49% vs. a +5.4% return for the Russell 2000. We sent the report after the market close on 10/24/18 and calculated returns as of the close on 11/2/18. Read the report here:
These stocks bounced big likely helped by high short interest. The snap-back was fast. Stocks with high short interest have added fuel when a market squeeze occurs.
The MAPsignals staff are the true heroes of our firm.