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Peter's Watch List January 14th

Good Morning,

Welcome to a brand new earnings season. So far we are starting with some beats for C and JPM, which I think the market will like, but for the moment we are looking at a very flat open. I can't stress enough that we need to keep an open mind with this market. A rest, consolidation, or a pullback would make sense here, but we could absolutely just keep grinding higher here. I will continue to focus on day trades and shorter time frame swing trades. Here are some names that I will be watching today:


CGC gave a strong move on volume yesterday in a TTM Squeeze on the daily. Ideally I would like to see a soft open and pick this up around 22.50, but I would also be interested in a break over yesterday's high for a push up to $24 or higher


WB gapped down in November and filled the gap early this month before pulling back to a cluster of moving averages and pushing right back up to the gap. I like this over $52 up to yesterday's high of 52.33 for a push up to $54 or higher


WIFI is setting up for a 3/8/20 cross in a with lots of room up if it confirms. I like this over 11.84 for a test of $12 and then push up into the mid to high $12s


UFPI has been in a long flag and broke up out of it yesterday on nice volume and a new TTM Squeeze on the daily. I like this over 49.35 for a test of $50 and possible push higher


MGNX is a biotech with a data update due int he 1st quarter so this would be for a day trade only. I like this over 11.64 for a test of $12 and possible push into the mid $12s


CRWD is a name that is showing a nice recovery off of the recent lows. Ideally I'd like to see a soft open or pullback here, but I would also be interested in a volume move over $60 for a push up towards $65


CSX is in the transport sector which is in a very interesting place right now. CSX gapped down in July and has been working its way over its sma200 in a nice recovery with a TTM Squeeze. I like this over 74.77 for move into the nice gap above