by Greg Guenthner
Daily Reckoning
2016 started off miserably. But the market gods are now offering us happy trading profits.
We’ve enjoyed ideal trade setups in different sectors almost every week since early February. From mining and materials stocks to medical equipment and biotechs, we’ve had consistent shots at double-digit gains. Mix in a little volatility and we have a recipe for some spicy trades.
Even our favorite “garbage stocks” are getting in on the action. In fact, these powerful squeeze trades have been one of the driving forces behind the market’s big move back into the green.
Early on we took to calling this move the Great Squeeze of 2016. Short sellers were taking it on the chin as they pressed their bets.