SEA's total short position seems to be building, so could be...

SEA's total short position seems to be building, so could be some time before we are moving higher again. I will say though with the reserves update only around the corner it may catch a few of these traders of guard creating a short sell covering which may add further to the rally. I'm expecting stellar reserves upgrades!

Total out standing shorts as of the 10/3/14 -

And on the 13/3/14 total shorts for the day were ~850,000, will be interesting to see the report for this week on Monday.