Peter's Watch List January 9th

Good Morning,

Well the fun continues with these crazy markets, which just don't want to do anything more than give a minor hiccup in the face of any bad news. We are gapping up to all time highs again on most of the major indices, and the VIX is easing again after showing some bullish signs. Right now the long and intermediate term trends remain bullish, but we are seeing a slightly different look in the very short term which is some high wave chop giving us large gap ups or down on an almost daily basis with very little sideways consolidation on the daily. In these times I tend to look more for buying opportunities on support as opposed to breakouts. I will continue to focus on shorter term opportunities, and I will continue to look for limited and small swing opportunities. Here are some names that I will be watching today:


TVTY had a recent 3/8/20 cross in a TTM Squeeze on the daily. I like this over 21.79 for a test of $22 and possible push up towards $23


RCKT pulled off of recent highs in a TTM Squeeze on the daily and held the sma20 and looks t be turning back up. Ideally I'd like to see a little more consolidation along the sma20 and pick this up around 23.25 for a push up to $24 and possibly $25


NFLX broke that key $338 level yesterday and pushed up into the gap. I am looking for a soft open or pullback to get in to this name around $338 for a run up into earnings later this month.


HTZ is in a long flag/coil pattern with a TTM Squeeze on the daily. Ideally I like this on a pullback to the sma20 and pick it up on the way back up, but I would also consider a high volume break over yesterday's high of 16.30


LVGO is a recent issue that is starting a nice TTM Squeeze on the daily. I like this over 26.25 up to 26.35 for a push up towards $27 or higher


CVET is a name I had on watch yesterday as well and it never really set up. I still like this from 13.92 up to $14 for a push up towards $15







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