Stock Market Update October 24

We started the analysis by looking at 191 companies within the S&P 500. Only 80 companies completed their ABC correction and made new lows. 45 companies made higher lows and currently provide short squeeze opportunities. The remaining 66 companies are slightly delta positive higher lows. Of the 45 short squeeze trades, 16 were good enough to make it into our video. These companies include BK, CBS, CHK, CB, CINF, CMA, ED, DVN, EIX, EOG, CPB, EXPD, XOM, FDO, FHN, & GIS.

Special attention should be directed towards the fact that these setups are intended to be executed as *momentum* trades. When you buy above previous highs, watch your *Time and Sales & Level 2* carefully to determine if and where the cover stops are triggered.

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