The short squeeze that, in part, propelled popular tech stocks higher this year is over. Thus, prudent investors should pay attention to the dichotomy that is developing now.
• The smart money prefers Intel INTC, -0.23% over AMD AMD, -0.32% In contrast, the momo crowd prefers AMD over Intel. • Facebook FB, +0.28% and Microsoft MSFT, +0.11% have the distinction of being admired by both the smart money and momo crowds. Rankings The chart also shows the relative rankings of the 11 popular tech stocks. The rankings are based on the six screens of the ZYX Change Method. Please click here to learn about the six screens.
Late last year, popular tech stocks were aggressively sold short. As the market rose this year, a short squeeze occurred. According to the algorithms at The Arora Report, the short squeeze is now over. More important than what has happened is what may happen in the future. This is where the data shown on the chart comes in. Under the short-squeeze column is the positioning for further short squeezes if the market continues to rise.
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