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Peter's Watch List August 21st

Good Morning,

The market had a relatively flat open yesterday and ended up with a low of day close for most of the major indices. This morning we are looking at a bit of a gap up, but as we know lately that could change by 9:30. We do have the FOMC minutes being released today at 2 PM, and I expect that trading will get pretty slow after about 11 AM Eastern today until the minutes are released. I expect that I will be focused on my control candle and reversal list today, but I will also be watching the following names:


PAYS has a bit of an inverted head and shoulders type pattern and a nice TTM Squeeze on the daily. I like this over $17 for a move to $18 or higher


RUBI is in a nice flag pattern and trying to break up and out of it. I like this over 10.63 for a test of $11 and possible move higher


CENTA is in a potential reversal pattern on the daily with its first yellow bar on the TTM daily since a big selloff a few weeks ago. I like this over 22.62 for a move to the mid $23s


COUP has been consolidating below the recent highs and got a nice bounce off of the sma50 and overt the sma20 the last few days. It also has a nice TTM Squeeze on the daily. I like this over 140 for a test of yesterday;s high and possible move higher


MDC has a beautiful TTM Squeeze on the daily and made a nice move over its sma20. I like this over 37.14 for a move to $38 or higher


NEM is right out of our Chart College lesson yesterday. This is a gold name that is in a tight pennant with a nice TTM Squeeze on the daily. I like this on a break up and over the upper trend line of the pennant with volume.