Welcome to all who are taking advantage of our Holiday Open House! We have had a couple down days on the market, and we are gapping up on the premarket on rumors that a US China trade deal is close. Call me skeptical, but I've seen this story before and will approach this with some caution. We also have some employment numbers coming in the premarket as well as some PMI and ISM services #'s coming out at 9:45 and 10 AM Eastern. My plan is to let the market digest the open and these #'s before getting aggressive on anything. Here are a few names that I will be watching today:
IOVA is a biotech, which has been a very strong sector lately, that showed a lot of strength yesterday in a TTM Squeeze on the daily. I like this over 24.52 for a test of $25 and possible push higher.
SEDG made a strong, high volume move over the sma50 yesterday and is in a nice TTM Squeeze on the daily. I like this over 88.25 for a push up to recent highs around $95
SILV is a silver name that will probably open soft if the market gaps up, but I want to watch this should the market start to fade at all or if we see a change in the US China trade news. I like this from 6.11 to 6.21 for a push up to the mid to high $6s
ISEE is a name that we watched yesterday as well. I think if the market holds green, this could give a strong break out of this flag. I like it over 4.24 for a push up to the mid to high $4s
SSRM like SILV is a precious metal name that I will be watching if this gap up on the market does not hold. I like it over 16.70 for a test of $17 and possible push higher.
MEET got a perfect bounce off of its sma20 the last two days and looks ready for a push higher. I like this over 5.15 for a move to the mid to high $5s
SFM is another name that we had on watch yesterday and day traded for a small win in the room. I like this from 20.35 to 20.36 for a push up to the high $20s
SRRA is a biotech that is presenting at the ASH conference on Saturday. It made a big move on Monday and then rested yesterday. I like this over .50 for a push up to the mid to high .50s