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Peter's Watch List December 18th

Good Morning,

Yesterday we saw the market close slightly green, but it really struggled with resistance at all time highs. For the SPY in particular the $320 spot has been strong resistance, and it will be important to see if it can make its way over that level or if it needs a rest. We also saw the VIX continue to fade although it did hold the $12 support level. This morning we are looking at a flat to slightly up open for the major indices, and it will be important to see if the SPY wants to break that $320 resistance or not. Here are some names that i will be watching today:


BBBY announced some management changes yesterday and the market sure seemed to like them. I like this over yesterday's high of 17.15 for a move to $18 or higher


SLDB is a biotech that has data due soon, so this is for a day trade only. I like this over 4.85 for a test of $5 and move further into the gap above.


PTON made a nice move over its sma20 yesterday on high volume. I like this over 33.32 for a move up to $35 or higher


SAVE is in an inverse head and shoulders pattern and made a strong move on volume yesterday in a TTM Squeeze. I like this over $41 for a move to $42 or higher


CASA is in a nice reversal pattern and is trying to work its way over its ema34. I like it over yesterday's high of 4.26 for a move up to the high $4s


PZZA pulled off of recent highs and is now rounding back up in a TTM Squeeze. I like it over $62 for a move back to recent highs around $64


LYB is another name that pulled off of recent highs and is now in a TTM Squeeze with a 3/8/20 cross back up. I like this over $95 for a push up to $97 or higher