I have been watching this ticker for a while as it continued a downtrend and it looks like it is ideal for a squeeze. That could set up a great opportunity. We have been talking about the lack of breadth in the market and it is leading to patterns just like these that are happening in the many stocks that aren’t the headline darlings.

Take a look t at this update and I’ll show you a couple that have caught my attention.

By far IWM appears to be the most likely candidate for this play but the entire list I mentioned could make a similar move.

There is a sense that pessimism is becoming more mainstream than it has been and it creates an environment for some serious churn. If you want daily updates on the trade candidates I see this creating, click here.

Thanks,

Joe