Peter's Daily Watch List October 21st

Good Morning,

As I type this morning around 6:30 AM Eastern time, it looks like we will get a gap up open for the market today. As always with a gap up, I will give this some time and see how it gets digested before jumping into any new trades. We are also seeing BA down quite a bit again on the news from Friday that really weighed on the DIA in particular. It will be interesting to see if the market can show any strength if weakness in BA continues. On the news front there were some positive comments out of China regarding a Phase 1 trade deal, and there were some delays in the Brexit vote that may lead to another extension of the deadline, which seems like a negative development there. Overall today I will remain patient and short term focused in my approach. Here are some names that i will be watching today:


AVTR is a relatively recent issue that is beat up like so many of these are lately. On Friday it made a move over its ema8 and sma20 and started a TTM Squeeze. I like this over 14.42 for a move to $15 or higher


HCSG is in a slow reversal pattern and made a nice move off of its sma20 in A TTM Squeeze the last couple days and looks ready for some continuation. I like this over 25.50 for a move to $26 or higher


SKY is one of many name in residential construction showing some strength, and they have earnings coming up on October 30th. I like this over 31.45 for a move to the recent highs around 32.25


NRG is in a nice cup and handle pattern and a TTM Squeeze on the daily. I like this over 40.22 for a move to $41 or higher


WY is a supplier in the residential construction space and has earnings coming up on Friday. I like this on a pullback and hold of the $28 area or on a volume breakout over 28.50 for a move to the mid $29s



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