EarningsBeats.com Digest for January 8, 2021
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ETF Service and Price Increase Announcement - Lock in now!
We recently announced a new ETF feature of our service that was initially unveiled to our members in late October when our Chief Market Strategist Tom Bowley released our first "ETF Portfolio" consisting of 8 different ETF's. Since October 19, 2020, the portfolio has increased by 14.91% compared to the S&P of 11% during the same period of time. Now we are adding some new and exciting features to the ETF
service that will be discussed in a webinar tomorrow, January 9 (see description of event below) and we will unveil the next batch of top ETF's to members on January 19. With the addition of this new service, and since we've kept our membership prices the same for many years, we are going to adjust prices effective Tuesday, January 12. Accordingly, we would like to make sure all of our community members have the opportunity to lock in to existing (and lower) prices prior to Tuesday while saving
a LOT of money! Just click on the link below to lock in savings and take advantage of everything EarningsBeats.com has to offer!
About Saturday's Event - January 9, 10:00 am EST
EarningsBeats.com's Chief Market Strategist Tom Bowley will highlight the keys to building a winning ETF Portfolio, one designed to beat the S&P 500. The single biggest key is to "KNOW What You Own." This involves analyzing the sector allocations and ensuring that you are not overweighted in any one area of stock unknowingly. Tom will unveil for the first time our brand new EB "ETF Analyzer" spreadsheet, which will help you quickly
zero in on the right ETF's. You will be sent a zoom link prior to the start of the webinar.
This Could be the Next Short Squeeze Breakout Candidate
We have seen so many strong short squeeze candidates from our Short Squeeze ChartList break out and surge higher in a very short period of time. On Thursday, 3D Systems (DDD) became one of the biggest short squeeze surges of all-time as it broke out on positive fundamental news and short sellers were steamrolling one another, trying their best to find the exit. After opening at 12.36 (roughly a 10% gap higher from Wednesday's close), DDD absolutely
screamed higher, at one point reaching 25.33. The close at 22.96 represented a 104% gain on the session. Volume of 193 million shares accompanied the surge and was, by far, the highest volume that DDD has seen over the past decade. The prior record? 42 million shares on February 5, 2014. THAT is what a MASSIVE short squeeze looks like. As I look at our Short Squeeze ChartList, one stock that's potentially set up for a short squeeze is Tanger Factory Outlet
Centers (SKT). I discussed SKT back in early December, but it still looks ripe to me for a squeeze. Check out the chart:
Since the initial positive vaccine news hit on November 9th, SKT has already moved up 59% in 2 months, so shorts are already on notice. However, SKT's short % of float has gone from 50.75% in November down to 48.00% in early-December, and then back up to 49.67% at the end of December. In other words, while SKT has gained nearly 60%, short sellers have yawned. But another breakout above that mid-December high might just start getting the
attention of short sellers. Volume has ticked a bit higher the past two days and SKT finished on Thursday at 11.24, just shy of its key candlebody resistance of 11.28. The intraday high the past two days has been 11.28 and 11.29, respectively. Will the short sellers flinch if SKT breaks above 11.30? 11.40? 12.00? The volume will be critical. If SKT makes that explosive move and volume surges, we could be on to our next major short squeeze.
(Disclosure: I own SKT shares and plan to add if we see the breakout described above)
Happy trading!
Tom Bowley, Chief Market Strategist
EarningsBeats.com
"Better Timing. Better Trades."
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