Overall market thoughts have been mostly covered in the weekly watch list email. This morning we are seeing a modest gap up in most of the major indices, and as usual I will be patient and let the open settle in before taking any new trades. I will also continue to be patient and focus on shorter time frame setups into the FOMC decision on Wednesday. Here are a few names that I will be watching today in addition to the weekly watch list names:
REAL is a recent issue that has a bit of a cup and handle type formation with a TTM Squeeze on the daily. I like this over 22.50 for a test of Friday's high and possible push up to $24
WDC has earnings on Wednesday after the close and may make a run up in to that. I like this over 61.32 for a move to $63 or higher
CORT pulled back off some recent highs from late September/early October and has been consolidating around its sma20 in a TTM Squeeze on the daily. I like this over 14.61 for a test of $15 and possible push higher. This is not a stock that I will hold overnight as there is a possibility that they may release some Phase 1 data in "late 2019"
TDOC is another name with earnings after the close on Wednesday that may make a run into that. I like this over $70 for a move up to $72 or higher