Peter's Watch List February 21st

Good Morning,

Welcome to February opex day! For those who are not familiar with opex, it is the monthly options expiration day when all the February monthly options contracts expire. Opex days are typically very difficult to trade as optionable stocks make wild moves as big money tries to get them to close above or below a specific strike price. My plan today is to try to find some day trades in the morning and to maybe look for a swing in the small cap space (less affected by options) later in the day, but I will also be closely monitoring the market, which has been showing some signs of a potential pullback. Here are a few names that I will be watching today:


TRIL is a biotech with some 2nd quarter catalysts that is in a nice flag consolidating around its sma20 in a TTM Squeeze. I am interested in an entry between $4 and 4.25 with a yellow momentum bar on the daily TTM Squeeze indicator


OMI is in a bit of a cup and handle type pattern and is riding its sma20 up after pulling back to it out of the cup. I like this over 7.19 for a push up to the mid to high $7s heading into earnings on March 4th


RL had a gap up on earnings earlier this month and retraced to the sma20 and is bouncing off of it. I like this over $122 for a test of $124 and possible push up to the 127.50 area


NSC is another name that gapped up on earnings and retraced to its sma20. I like this on a soft open or pullback and then move back up through the $210 to 210.25 area for a push up towards $215 or higher


ABEO is a name that I was watching yesterday that gave an inside day on lighter volume. I like this on a soft open and then a red to green move over 4.02 for a test of Wednesday's highs and then possible push to the mid to high $4s


PBYI is a name from our biotech catalyst list that reported earnings last night and is gapping down a bit. I will be looking to see if it finds support to potentially take a small starter position for a run into their FDA approval date in the 2nd quarter










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