Possible Short Squeeze Today and Top Shorted Stocks List

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Good morning traders. Yesterday we saw huge moves in some of the top shorted stocks and I think if the market continues higher we can see continuation in that element. Let me review two names to watch today.

This is the chart for the SPY S&P 500 and It is basing out after this breakout. I am hoping over $429 we break over today and tap new highs. Buying before the weekend is usually a very bullish indicator as it shows traders are okay with the weekend risk.

When the market breaks to new highs, the top shorted stocks usually make a move.