This bearishness has added up to short interest of 154.8 million shares in
the SPDR Trust Series 1 (SPY - Cramer's Take - Stockpickr - Rating)
exchange-traded fund, which tracks the S&P 500. Another 237.1 million shares
of the iShares Russell 2000 Index Fund (IWM - Cramer's Take - Stockpickr
- Rating) are also being shorted. If the market heads higher, these all-time record levels of short-selling may trigger a short squeeze of epic proportions.
This is his Bullish critera:
All of these ETFs meet our standards to be considered technically bullish. This means they have reached new 52-week highs within the past five days. Also, the five-day moving average is above the 10-day moving average. And lastly, the moving average convergence-divergence indicator has given a fresh "buy" signal within the last 10 days.
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