First Republic Bank, Transocean – Two Heavily Shorted Stocks Down Significantly In Early Session On Tuesday
The SPDR S&P 500 ETF (NYSE: SPY) traded in a very tight range last week, leaving traders perplexed with regard to near-term market momentum. On Tuesday morning, however, the S&P has softened up slightly, and continued losses on the day may be an indicator that stocks have put in a near-term top.