A couple things happened on Friday that (judging by history)...

A couple things happened on Friday that (judging by history) make me think we could see more short-squeezes this week:

1) Borrow rates spiked for some popular shorts (often a sign of shorts pressing).
2) Legit small-cap growth stocks (some heavily shorted, some not) sold off en masse in tandem with heavily-shorted junk ( $iShares Russell 2000 Growth ETF (IWO.US)$ was down 1.2%) . When this has happened in the past, these stocks have often later moved higher in tandem.

Throw in rates falling on Friday, HF gross and short exposure remaining fairly high (could drive degrossing), and a lot of shorts looking jittery post-FOMC, and that maybe sets the stage for more squeeze action. Time will tell.