Don't Do it, OG!

With Bill Ackman's VRX long down sizably this morning, the possibility for sharks circling around Ackman's other holdings remains a distinct possibility. 

Specifically, other hedge fund titans controlling large sums of capital may target HLF, a name Ackman has been vocally short for a good while now.

On the HLF daily chart, below, note the long sideways basing pattern. A move over $62 now could easily set in motion a sharp squeeze breakout higher.

Herablife is a heavily-shorted stock overall, and the VRX weakness may give the old school, older hedge fund sharks the motivation to really press Ackman's holdings, as Wall Street has known to do in the past to a large and very prominent market play like Ackman. 

Elsewhere, we took advantage of some news and opening strength in Zillow to sell the rest of a long inside Market Chess Subscription Services. Zillow remans an improved chart since the Trulia merger. But seeing as the indices are still below prior all-time highs we are still taking the tape one move at a time in lieu of assuming a sustained breakout, just yet.