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Peter's Watch List February 19th

Good Morning,

We saw a bit of red in the market yesterday, but the SPY was able to hold the daily ema8 and left us with a pretty indecisive looking doji for our daily candle. In the premarket we are seeing a bit of a gap up, and it will important to see how the SPY reacts around the recent dark pool levels of 337.67 above and 337.03 below. It will also be important to keep an eye on the VIX today which is down a bit in premarket but still up a fair amount on the week so far. Overall the market is in a bit of a tricky spot and I will continue to take selective shots in small position size. Here are a few names that I will be watching today:


SPCE had a blow off top type candle yesterday and is up in the premarket but nowhere near yesterday's highs. I like this short on a break down below $33 for a move to $30 or lower and will likely use March monthly puts if I take the trade


ACMR is in a nice TTM Squeeze and in a nice chart patter consolidating on and above its sma20. I like this over $42 for a push up to $44 or higher


AUPH gapped up in December on trial news and has been flagging ever since and is starting a TTM Squeeze. I like this over 19.80 for a test of $20 and possible push up to $21


GORO is one of many gold and silver names that came up on my scans and it is lagging some of the others which may give us an opportunity for a good entry here. I like this over 5.30 for a push up to the high $5s


DLTR is in a potential reversal pattern and starting a a TTM Squeeze. I like this over 91.17 for a push up to the $93 to $95 area


PTON is another name that I am watching for a potential swing short. I would like to see a bounce from the current lows and look for a short entry as close to $28 as possible with a target around $25. If I take this trade I will likely use March puts.