About Traders Path

Peter's Daily Watch List July 23rd

Good Morning,

Welcome to all the new members that have joined us! Hopefully everyone is all set up with the Zoom chat and the Zoom screen share. if you are having any issues at all, please email me at peter@thetraderspath.com so we can address them right away. Zoom is a great, powerful platform, and I want to make sure everyone is up and running with it. Also be sure to get the Zoom phone app as well if you want to follow chat or alerts from your phone. For our website, make sure you are signed in - the members page to log in is here https://www.thetraderspath.com/members and once you are, you can click on any blog post to reveal the categories including the members blog which has all the members only content. Again, if you have any questions or difficulties please feel free to reach out to me through email or Zoom chat. Welcome again to all and lets move on to the market and the watch list.


The market gave us a pretty indecisive day yesterday with the SPY giving us a spinning top just above the sma20 and below the ema8. So far this morning in the premarket we are looking to have a gap up open for the major indices, and again focusing on the SPY it looks like it will open over the ema8 which was resistance yesterday. It will be important to see if it can hold and close over that level today. It is also worth noting that the VIX eased yesterday and looks to be easing more this morning. Overall this just remains a market where we need to take things day by day and focus on shorter term strategies. Here are some names that I will be watching today:


SOLY is a relatively recent IPO that can make some big moves. Recent IPO names have been hot lately and SOLY looks ready to test its sma20 right at the $15 level. I like it over that level for a move to 16.50 or higher


LK is another recent IPO that has been in a nice move up and looks ready to test some resistance around 21.75 I like it over that level for a move to $22 or higher


TTD is in a nice TTM Squeeze on the daily and had a great bounce off of its sma20 yesterday. I like this over $250 for a move to $252 or higher


ZUMZ is in a nice TTM Squeeze on the daily and made a move over its sma20 yesterday. I like this over 25.80 for a move to $27 or higher


STAA has been working its way over its sma100 and looks ready to push up towards the sma200. I like this over 32.22 for a move towards $34


PINS is another recent IPO that has a bit of an indecisive TTM, but its in a squeeze and could be very interesting on a break over the sma20 at 26.50


CREE is in a long TTM Squeeze on the daily and looks ready for a big move as it has been dealing with a cluster of moving averages for the last month. I like this over $60 for a move to $62 or higher


MMM has earnings Thursday before the open and is in a decent reversal pattern on the daily. I like this over yesterday's high of 175.21 for a move to 177 or higher


If you have any questions, feel free to reach out to me in chat or email me at peter@thetraderspath.com