July's inflation print is in and lower than expected at 8.5%, and the market is breathing a sigh of relief Wednesday...
The S&P 500 and the Nasdaq are both up around 2% or more, and the order flow is rolling in like a tidal wave — you love to see it!
But even in a wave this big, it’s easy to spot a pattern in the names hitting the tape...
They're mostly high-valuation, high-growth names that have ugly, beaten down and bloody charts.
And oh baby, when these names squeeze, they squeeze hard — and that's what's happening in the market Wednesday.
Just take a look at our good friend Upstart Holdings... This fintech’s shares dropped around 12% Tuesday after missing analyst estimates and cutting forward guidance for 2022.
But with a short float of over 35%, today’s bullish sentiment helped share prices squeeze as much as 17% higher!
If you’re not trading institutional order flow, then what the heck are you doing?! Just take a look at these trades...
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