The market showed us some strength on Friday with new all time highs for the SPY and the QQQ and a pullback in the VIX. The IWM also made a move right back up to that trend line resistance that has been so hard for it to get over. This week the market is likely to be influenced by the FOMC meeting and rate decision coming at 2 PM on Wednesday as well as a very busy week of earnings. This could make swing trading a little tricky this week, but it should give us some great day trade setups for our control candle and reversal strategies. Here are some names that I will be watching today:
OCUL made a high volume move over its sma20 on Friday and ended up pulling back to close right on that sma20. I like this over Friday's high of $5 for a move to 5.50 or higher
ZIOP has a nice TTM Squeeze on the daily and a double top around 6.25 to 6.30 area. I like this over that area for a move towards $7
CRCM is in a bottoming pattern and a TTM Squeeze and I like this one over 11.60 for a move to $12 or higher
ZGNX had a gap up in late June and has been waiting for that sma20 to catch up which it just recently did. I like this over $49 for a move to $51 or higher
DNKN has been strong all year and has their earnings call on August 1st after the close as well as a TTM Squeeze on the daily. I like this over 82.82 for a move to $85 or higher.
MDB is in a coiling pattern with a TTM Squeeze on the daily. I like this on a pullback and hold of the sma20 around $156 for a move to $160 or higher
If you have any questions feel free to email me at firstname.lastname@example.org and trade green!