Looking for the Next Conn's Job

Small cap stocks are threatening a major breakout, once again, this morning, as the IWM ETF for the Russell 2000 Index, cleared the pivotal $142.50 area earlier and is outpacing all major averages as we speak. 

That said, the overall price action of the tape has a summer feel to it, with breakout plays mixed and the market selectively giving certain stocks strong energy and others the cold shoulder. 

But short-sellers in the rather heavily-shorted plays (merely going to FinViz.com and scrolling down below a ticker is a free and easy way to assess "short squeeze play," with any stocks more than 7-8% of the float short being a candidate) are seemingly in a bad spot.

CONN is a very heavily-shorted retail play we went long for Members in recent sessions as the name quickly staged a sharp breakout squeeze. NTRI is a name we have been flagging for Members, too, in terms of squeezing off peer WTW's momentum. 

And given the solar strength we view RUN as another breakout/squeeze candidate, given the numerous shorts in that small cap domestic solar's float. 

Also note The Trade Desk, below on the daily chart, is an excellent candidate for a short squeeze if it can clear $52 now for a move up and out of its multi-month triangle consolidation.