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Peter's Watch List January 10th

Good Morning,

Another day and another gap up for now. What else would we expect? The market remains strong although its is starting to get back into somewhat extended territory. For now we are looking at a moderate gap up, but a lot could change when the jobs numbers come out at 8:30. I will continue my patient approach and continue to focus on shorter term setups. My scans last night didn't turn up a whole lot in the way of great setups for today, but I was able to find a few. Here are some names that I will be watching:


IRBT had a nice reversal after a long downtrend and has no weathered its first pullback after the reversal. It reclaimed its sma20 yesterday and I like this over 50.81 for a push up to $53 or higher and would also consider entry on a pullback and hold of the $50 level


ALXN is a name that saw some unusual call sweeps yesterday and regained its sma20 in a TTM Squeeze on the daily. Ideally I like this on a pullback and hold of the $110 area for entry for a trade up to $112 or higher


FLXN is a name in a nice uptrend that recently pulled back to and held its sma20 on the daily. I like this over 21.34 for a push up to the mid to high $22s


TRV is in a long TTM Squeeze on the daily with a nice gap above. I like this over $138 for push up further into the gap


DDOG has been struggling to pull up over the $40 level. I would be interested in this name on a pullback and then move back up to $40 for a test of yesterday's high around $41