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Peter's Watch List August 20th

Good Morning,

Yesterday we had a strong gap up in all of the major indices. This was followed by one of the most range bound trading days that I can recall. This morning the indices are all flat to slightly down as we are sitting right below major resistance. I will continue to be very patient until the market gives me a clearer direction. For now it feels like we are in a choppy consolidation that could resolve either way. My main focus today will likely be five minute control candle and reversal setups, but I do have a small list of names that I will be watching in addition to that:


AMRS made a strong move over its sma200 yesterday after testing it last week. I like this over 4.45 for a move up towards $5


ELF has a nice TTM Squeeze on the daily and made a strong move off of its sma20 yesterday. I like this over 18.02 for a move up towards $19 or higher


BZH is one of many home builders that was strong yesterday. I like this over 12.07 for a move to $13 or higher


APLS has a very nice TTM Squeeze on the daily and is in a potential flat top breakout pattern. I like this over 29.11 for a move to $30 or higher


MTH is another home builder with a great flag on the daily chart. I like this over 63.82 for a move to $66 or higher