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Peter's Watch List August 7th

Good Morning,

We saw a modest bounce in the market yesterday after that gap down and go down day that we had on Monday. Right now I'm not seeing any real conviction in the bounce, and although the VIX has eased some, we are still in a very elevated VIX environment. This morning in the premarket we are seeing most of the major indices down a bit and the VIX up a bit. Overall, this is still a very volatile environment where I will continue to be cautious and focus on short term trades. Here is a small group of names that I will be watching today:


IMGN has made a nice two day move and looks ready to continue on a move over 2.81 for a $3 test and possible gap fill at 3.08


OMER has earnings tomorrow after the close and is making a nice move into earnings with a TTM Squeeze on the daily. I like this over 16.53 for a move to $17


STNE has been showing strength recetly and pulled back to its sma20 and looks ready to push up off of it. It also has a TTM Squeeze on the daily. I like this over 35.70 for a move to $37 or higher


CASA made a nice move over its sma100, retraced and is looking ready to test the recent highs. I like this over 7.64 for a move to $8 or higher


As always feel free to email me at peter@thetraderspath.com if you have any questions and trade green!