Since conditions are not conducive to a weekly watch list, I am going to make my daily watch list available to all the free watch list subscribers for the rest of the week. Yesterday we saw a gap up for all the major indices and largely sideways action throughout the day after President Trump said that the Chinese delegation called and wants to continue trade talks. As of this morning, the Chinese foreign ministry has denied that this phone call ever took place, but the major indices are still drifting a bit higher here in the premarket. Overall, it is still a time for me to be very patient, selective, and short term focused in this news driven environment. Here are a few names that I will be watching today:
FSLY is a relatively recent issue that has been showing a lot of strength in a weak market. I like this over $28 for a move to $29 or higher
MRNA made a nice move over the sma50 yesterday on heavy volume. I like this over $15 for a test of yesterday's high and a possible move higher.
CDXS is setting up for a 3/8 cross up and possible push up to its sma20 after being beat down for a few weeks. I like this over $14 for a move to the mid to high $14s
BOOT has a TTM Squeeze on the daily and made a nice move over its sma50 yesterday. I like this over 33.05 for a move to $34 or higher
NEM is unlikely to set up unless the overall market shows some weakness, but if that does happen, I like this gold play over 39.70 for a test of $40 and move up into the mid $40s