I have mostly covered my market thoughts in the weekly watch list, but I will just add that we are likely to gap up a bit on some optimism on a trade deal yet again. I will be patient to let the market digest this gap up if it holds before I take any new trades. Here are some names that I will be watching today in addition to the weekly watch list:
ALKS is in a nice reversal pattern and is taking out its sma100 in a TTM Squeeze. I like this over 21.07 for a move to 22 or higher.
LOCO is in a beautiful flag pattern that could break much higher after a big earnings beat a few weeks ago. I like this over 15.31 for a push up to $16 or higher
AMRN is one I will have to watch to see how it opens, but with NVS buying MDCO this weekend, buyout rumors on AMRN are heating up again.
ALXN is another biotech in a nice reversal pattern with a TTM Squeeze on the daily. I like this over 111.43 for test of $112 and push up to the $114 area