It is really, really bad out there!

There is no mistaking that. For much of the year, I have stayed 100% cash overnight except for Friday evening when I held Apple (AAPL) overnight. So far that has proved to be the right call as it remains green in a sea of red. As we have seen many times in the past week, the bulls have early morning gains that it completely squanders and it did so again today.

Of course oil selling off another 6% today won’t help matters nor will the sell-off in biotech (IBb0. But one thing I do know and that is a short squeeze is coming, and it may not recover all the losses, in fact, I don’t expect it to, but when it does squeeze the shorts, the rally will be of epic proportions. The bears, following the 12/29 highs have been absolutely relentless in driving this market lower without a single reprieve anywhere. So, when that squeeze does in fact come, and I suspect we’ll see it this week, you will want to have the list below ready, because you’ll want to add a handful of longs to your portfolio. 

bullish watch-list 1-11-16

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