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Peter's Watch List December 24th

Good Morning,

The market continues to be quite resilient, but it also quite frankly very slow right now in the first half of a broken up trading week. The SPY and the other major indices continue to grind higher, and the VIX remains in a very comfortable place for now. Today we have a half day of trading with the market closing at 1 PM, and it is likely to be a very slow trading day. I will be looking for some quick trades early, and we will be closing up chat around 11 AM as things start to wind down. Here are a few names that I will be watching this morning:


MTEM has a double top around $14 and a nice TTM Squeeze on the daily. I like this over $14 for a push up towards $15 They do have a 4th quarter catalyst, so this will be for a day trade only and I will not hold risk overnight


ARVN just had an orderly pullback and hold of its sma20 after a very nice run up. I like this for continuation of that up trend on a move over 42.50 to go test recent highs around $44


FOE is flagging along its sma200 and looks poised for a nice breakout. I like this over 15.04 for a push up to $16 or higher


REPH is setting up in a little short term flag on the daily. I like this over 18.12 for a push up to $19


KRTX is a wild one so proceed with caution, but I like this on a soft open and then move back up through $75 for a push back up into the $80s