No More Shines, Billy

Bats Global Markets, presumably no relation to Billy Batts, went public today as the biggest U.S.-based IPO so far this year.

On a fairly slow day in the tape, this one over $23 this afternoon may work for a scalp long. 

Elsewhere, we do have some short squeezes working in the likes of FIT. But plenty of others are fading, like GPRO. Also note the C fade off earning. 

The market smacks of wanting to bide some time until the next excuse or catalyst presents itself to truly sustain a move.