Peter's Watch List for July 31st

Yesterday we saw a gap down open in most of the major indices followed by a slow grind up that never filled the gap. The one exception to this was the IWM which had a gap down and then just marched higher all day closing the gap and then going much higher. It is also worth noting that the VIX gapped up and moved higher and is in a TTM Squeeze on the daily. This is something we will be keeping a close eye on today. Today, we will also have to be very aware of the FOMC announcement at 2 PM Eastern and the press conference at 2:30 PM. Overall, I will be looking for opportunities early in the trading session and then will probably be pretty patient until after the FOMC announcement. Here are some names that I will be watching today:

KDMN is in a nice flag pattern and the sma20 just caught up with it and it went dark blue to light blue on the TTM. I like this over 2.66 for a move to $3

PETS is in a TTM Squeeze on the daily and just moved above its sma50 in a bottoming pattern. I like this over $17 for a move to $18 or higher

BIOS is in a long cup and handle type pattern and just dropped unannounced earnings, which gets a barrier to holding this out of the way. I like this over $3 for a move to 3.30 or higher

GKOS is in a very nice TTM Squeeze and made a strong move over the sma20 yesterday. I like this over $79 for a move to $80 or higher

KPTI was on our weekly watch list last week and is finally breaking up over some trend line resistance and starting a TTM Squeeze on the daily. I like this over $9 for a move towards $10

CVS had a gap up in mid July and retraced that move and is now setting up to move up into their earnings call on August 7th. I like this over 56.59 for a move towards $60

As always please feel free to email me at with any questions.

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