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Peter's Daily Watch List August 16th

Good Morning,

Yesterday we saw a bit of everything from the market with a gap up open, a probe down, and then a push back up to finish the daily candles as a doji on most of the indices with the notable exception of the IWM, which is looking a bit weaker. This morning all the indices are up sharply in the premarket, and I think it will be very important today to let the open settle in before opening any trades too early. The VIX is easing a bit in the premarket, but it is still at a pretty elevated level. Today is also options expiration day, which is typically a pretty choppy, difficult day to trade, especially in the afternoon. Overall, it is still a time to be patient, and my plan is to give the open at least 20 minutes to settle in and then very selectively start looking for some trades. Here are some names that I will be watching today:


MTCH had an earnings beat recently and has since retraced right to the .618 Fib level. I like this over $83 for a move to $85 or higher


SSRM is a gold name, that will likely come into play of we have a gap up and fade day for the market, but I want this ready if that plays out. I like this over 16.25 for a move to 17 or higher


DNKN is in a very long TTM Squeeze on the daily, and looks ready to break out if the market wants to cooperate. I like this over $83 for a move to $84 or higher


FE is one of many utilities turning up in my scans, and it's in a long TTM Squeeze on the daily. I like this over 44.20 for a move to $45 or higher


EFX is in a nice TTM Squeeze on the daily and has held its sma20 on a slight pullback. I like this over 141.50 for a move to $143 or higher


I will also be watching a number of names for Five Minute control Candle and Reversal strategy setups including NVDA, DE, NFLX, TSLA, and BYND