Peter's Watch List For Wednesday July 10th

Good Morning,

Welcome to all of our new members and thank you so much for joining us! Today is likely to be a bit of a tricky day market wise as we have a fair amount of Fed related items on the calendar today. Fed Chair Powell will be testifying before Congress this morning at 10 AM Eastern, and then we have the FOMC minutes being released this afternoon at 2 PM. Both of these events could move markets in either direction, and traders are likely to be a little cautious heading into these times. So far this week the trend has been a gap down and then slowly fill the gap and stall and move sideways. We will see if today brings more of the same, but we do need to be a little wary of all the Fed news. Here are some names that I will be watching today:

STNE has a nice TTM Squeeze setup on the daily, and it also has a nice inverse head and shoulders pattern with a large gap above. I like this over 31 for a move into that nice gap above

MDCO has a very nice TTM Squeeze setup on the daily and has been consolidating along the sma20. I like this setup if we continue to get light blue bars and a move over 37.22 for a possible retest of recent highs

MIME has been consolidating between the sma20 and sma50 for a couple weeks and made a nice move over the sma50 yesterday. It also has a inverse head and shoulders pattern with a gap that would fill around $50. I like this over 48.63 for a gap fill move.

SAH is in a nice daily flag pattern and has traded sideways while its sma20 has caught up with it. That sma20 has held as support so far, and we also have a nie TTM Squeeze on multiple time frames. I like SAH over 23.72 for a 24 test and possible bigger break out of the flag pattern

SWI has a very nice TTM Squeeze on the daily and made a strong move off of the sma20 and sma50 yesterday. I like this for continuation if it can break over 19

SPOT made a stong move up in June and has consolidated back to the sma20 as it has been catching up with the price action. Yesterday it made a nice move up over the sma20 and looks ready to break out of a little pennant pattern if it can push over yesterday's high of 147.30

VCYT is another name with a nice TTM Squeeze and a pullback to the sma20. I like this over 28.45 for a move back to the recent highs aroound $30

MRVL is in a nice TTM Squeeze on the daily and a nice coil pattern that could produce a strong breakout on a move over yesterday's high of 24.67 and a 25 test.

CDXS had a couple months of pullback this spring and has been starting to put in a reversal. It regained the sma20 on June and pulled back to it and held it the last couple days. I like this over $19 for a move to the mid 19.50 or even the $20 level.

Feel free to contact me at if you have any questions and trade green!

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