I have already given some general thoughts on the market in the weekly watch list, but will just add that the indices are all slightly up in the premarket this morning, and the VIX is relatively flat. I will be watching the SPY and the VIX closely today to see if we get any indication of a short term direction. Here are some names that I will be watching today:
ACST is a name we traded in the chat room on Friday, and although I think its unlikely to set up, I would be very interested if this breaks Friday's high for a potential move to $2
VSI is a name that we were watching for a potential overnight swing trade on Friday, but it faded along with the market on Friday afternoon. I would be interested in VSI over 4.40 for a test of Friday;s high and possible move towards $5
ARAY has been in a nice multi day move and stalled at a whole dollar level. I like this over $4 for a test of the sma200 and possible move to 4.50
BA made a strong move on Friday and stalled in the 279 area where there is a short term double top. I like this over $379-380 for a move to $385
RMTI worked its way over its sma20 Friday and has a nice TTM Squeeze on the daily. I like this over 3.05 for a move up to the gap above.
ROKU is a name that pulled on NFLX earnings and subscriber #'s, which doesn't make much sense when you really think it through. I would be interested in either a pullback with a solid reversal signal or a move over $108
As always feel free to contact me at firstname.lastname@example.org with any questions and trade green!