Tesla (TSLA) Stock Caves as Leaders Taken Down (LNKD) (FB) (GRPN) (NFLX)

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Bears Beaten Back as Markets Wake Up to Oversold Conditions

October 10, 2013 11:35 AM EDT

Bears had a tough day on Thursday as markets rallied amid chatter about a broad short squeeze.

In a note Thursday, Strategas technical analyst Chris Verrone warned shorts the market was oversold, with 45% of stocks trading at 20-day lows. In his view, 50% is a good signal... More