About Traders Path

Peter's Daily Watch List August 9th

Good Morning,

The market made a pretty strong move up yesterday, and is right back into some resistance. I will be watching very carefully to see how the SPY in particular deals with trying to move over the sma50 and into the sma20 above if there is any more push up. Right now it looks like we are going to get a gap down open, but the way things have been lately that could change pretty quickly. Overall it remains a time for me to be pretty cautious and focus on reversal setups. If the market gaps down and starts to push up I may look at ACHN, APVO, or MRNS for a day trade. I am also starting to watch PACB for a potential longer term "story stock" swing trade. Here are some names that I will be watching for control candle and/or reversal setups today:


UBER

TTD

SYNA

NFLX

DXC

ATVI

TSLA

YELP

WPP

AMRN