Chart of the Day - Thursday, January 28th, 2021

Today’s Chart of the Day was shared on Twitter by TradingView (@tradingview). It's a daily candlestick chart of GameStop over the past couple of months. In case you've been living under a rock, shares of GameStop have experienced a massive short squeeze over the past few sessions. With the whole world fixed on this stock, we thought it would be a good time to remind you that there are literally thousands of other stocks in the market. It might seem like an easy way to double your money in a day, but it's also an easy way to blow up your account. Especially if you're not an experienced trader.  Short squeezes like this can be violent and are often associated with volatility in both directions. In terms of where this thing is headed, we'll leave you with this timeless quote from the legendary technician Bob Farrell, "parabolic advances usually carry further than you think, but they do not correct by going sideways."