Peter's Watch List December 17th

Good Morning,

The market continued to make new highs yesterday, and is gapping up modestly here in the premarket It will be very important to see if the $320 area continues to act as resistance for the SPY today, and I will also keep a close eye on the VIX to see how it acts today near the recent lows. Here are some names that I will be watching today:


LJPC is a nice reversal setup that I like over 4.25 for a move up towards its ema34 in the high $4s


RAIL is a very similar reversal setup to LJPC. I like this over 2.23 for a push up into the mid $2s


WIFI is in a nice short term flag in a TTM Squeeze on the daily. I like this over 12.66 for a test of $13 and possible move into the mid $13s


CRNC is a recent IPO that is starting to show some signs of life. I like this over $18 for a move to the nid to high $18s


CROX made a nive high volume move off of its sma20 the last two days and looks ready to test recent highs. I like this over $38 for a push up towards $40


DT made a nice move over its sma20 yesterday and I like this for continuation on a move over 25.54 with a target in the mid $26s


ABBV is in a large cup and handle pattern in a TTM Squeeze. I like this over $90 for a move to $92 or higher




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