Peter's Watch List

Good Morning,

All of the sudden the tracking metrics for corona virus have changed and now the market cares a little bit. As i have been saying all along in our chat room, I don't think the market ultimately cares about the number of cases other than the fact that this big jump in cases probably means a longer slowdown in the Chinese economy than the market expected. Today I will mostly be focused on watching to see if and where we find support. I have a watch list ready to go, but I will be very patient letting the market settle in this morning. Here are some names that I will be watching:

HOME is in a TTM Squeeze on the daily with a very nice gap above. I like this over 6.60 for a push up into the gap above that doesn't close until about the $8 area

SIG had a big gap up last month and has retraced back to its sma20 and looks ready to start pushing back up. Ideally I'd like to see a soft open and get this on the way back up through 26.50 for a move to $28 or higher

FLR is starting to show signs of finally reversing after months of weakness I like this over $20 for a push up to $21 or higher

FTCH has a beautiful long term rounding pattern with a nice gap above and lots of room to its sma200 Ideally I like this on a soft open and then a r/g move for a push up to that sma200

V made a huge move in January and has been letting its sma20 catch up where it is finding support. Ideally I want to see this pull back to its sma20 and get it on the way back up through $206 for a move up towards $210

PDCO gapped up in December, filled the gap in January and is now coiling in a TTM Squeeze on the daily. I like this on a pullback and move back up through 23.25 for a test of $24 and possible break out higher

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