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Peter's Watch List February 6th

Good Morning,

The market is gapping up yet again to new all time highs, which always makes things a little tricky to manage. I will continue to be very patient at the open and really let the open settle in before getting too active. I will be watching the SPY closely to see how it acts in the first hour of trading, and I will also be watching the VIX very closely today to see if it holds or loses the $15 level. Here are some names that I will be watching today:


CYCN is in a nice TTM Squeeze and is moving into a large gap above on heavy volume. I like this over 4.30 for a test of 5.50 and possible move to the high $5s


SIG gapped up last month and faded back to its sma20 where it found solid support and pushed up off of it yesterday. I like this over 26.32 for a push up to $27 or higher


GOSS is a beat up biotech name that is setting up for a 3/8/20 cross up in a TTM Squeeze on the daily. I like this over 14.75 for a push up to the ema34 around 15.50


TEN is another name that is setting up for a 3/8/20 cross in a TTM Squeeze on the daily. I like this over 10.50 for a push up to 11 or higher


LEN is in the very hot home builder sector and is in a very nice flag on the daily. I like this over 68.05 for a push up towards $70


NWL made a nice push off of its sma20 the last few days. I like this over 20.54 for a test of $21 and possible push to $22


LPX pulled off of recent highs and is rounding up nicely heading into earnings on February 11th. I like this over 31.88 for a push to the $34 area