Artful Deception

The owner of the LaCroix beverage brand, FIZZ, seen below on the updated daily chart, continues to coil for another potential short squeeze higher. 

The name is rather heavily-shorted and has essentially ignored the recent market selling action. Note how strong the chart is here, as the basing action above all major moving averages looks ripe to explode higher. 

Typically, we view most stocks as being tethered to the broad market action--Breakout plays likely struggle more in a choppy or correcting tape. 

But with FIZZ it continues to smack of a special situation where shorts are trapped and they must know they are by now. However, they remain stubborn and perhaps are at risk of another meaningful leg higher.

As for the market at-large, I will update the nature of today's bounce for Members in my usual Midday Video now.