Death Valley for Shorts

An afternoon surge certainly gives the look and feel of a market wanting to squeeze out every last short-seller before we see any type of correction. 

With that in mind, a name like Fitbit, a long-time laggard which remains rather heavily-shorted, ought to be stalked on the long side to take advantage of such a scenario above $6.75. 

Note how FIT has reclaimed all daily chart moving averages and is currently flagging out in recent sessions. 

We also have some fresh and exciting sector rotations to update Members with tonight in the full recap. 

For now, regarding individual shorts: Bear beware.