The market so far looks like we may see another gap down on concerns over the US Iran situation, although we have again seen pretty strong moves off of the early premarket lows. The SPY is sitting a little below $321 right now, and if it heads any lower, it will be very important to see how it handles a test of the $320 level if it happens. The VIX is currently well above $15 which is the top of our zone of comfort. It was also above this level on Friday but eased significantly. Any back test of the $15 level today will be very important to see if it breaks back in to to the zone of comfort. For the most part today I will be focused on the weekly watch list names, but there are a couple other names that i will be watching as well:
UBER had heavy call sweep activity on Friday and is starting to show some decent signs of recovery. It is also worth noting that the former CEO has sold most of his shares now, which has been a drag on the stock up until this point. I like this over Friday;s high of 31.37 for a push up to $32 or higher
RTN is a defense contractor that has an absolutely beautiful weekly chart with a big double top level at $230 It may have already gone in the premarket, but this is a name that I will be watching today to see if it presents an entry in a small call position.