Peter's Daily Watch List November 20th

Good Morning,

After another resilient but mixed day for the major indices yesterday, we are seeing a bit of a pullback in the premarket this morning. Most of the major indices are down about a half percent this morning, and the VIX is spiking a bit in the premarket as I type at 5:45 Eastern. It will be very interesting to see how the major indices deal with their ema8 today and if the recent trend of buyers coming in at the ema8 continues today. I will also be watching to see if the VIX sets up for a 3/8/20 cross here. I didn't turn up a lot I loved in my scans last night, but I did turn up a few nice setups:

ALLK is trying to break out of a huge flag in TTM Squeeze on the daily. I like this over $82 for a test of yesterday's highs and possible push higher

GTX is in a nice TTM Squeeze on the daily and looks ready for a reversal. I like this over 10.79 for a test of $11 and possible push higher

SAVE has a bit of an inverse head and shoulders on the daily and a TTM Squeeze. I like this over $39 for a push up to $40

SNPS is in a very long TTM Squeeze on the daily and looks ready for a run into earnings in early December. I like this over 142.10 for a push up towards the September highs around $146

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