About Traders Path

Peter's Watch List July 25th

Good Morning,

The market was a little mixed yesterday as the SPY, QQQ, and IWM all made strong moves up, but the DIA struggled a bit as BA and CAT were down on earnings, which weighed on the DIA. This morning the indices are mostly flat in the premarket and the VIX is up slightly. It's also worth noting that most of the indices are on some resistance right now, and as traders we need to be patient and see how they deal with this resistance. I'm particularly interested in seeing how the IWM deals with some major trend line resistance that it's on right now. Overall it remains a time to take things day by day and focus on shorter time frame trades. Here are a few names that I will be watching today:


MRNA is in a nice bottoming pattern with a TTM Squeeze on the daily. yesterday it closed over its sma20, and I like this over 14.52 for a test of $15 and a possible move to 15.50


EPZM made a move over a number of moving averages yesterday and has a nice TTM Squeeze on the daily. I like this over 13.63 for a test of $14 and possible move higher


PINS is one I've been watching for a few days now with a TTM Squeeze on the daily, and it's still showing strength. I like this over $28 for a move to $29 or higher


ANAB is in a bottoming pattern with a TTM Squeeze on the daily. This one is for day trades only since they have clinical trial data that is due soon, and I don't want to be holding this overnight when data comes out. I like this over 56.50 for a move to $58


NTRA is in a TTM Squeeze on the daily and regained its sma20 yesterday. I like this over $27 for a move to $28 or higher


AA had earnings last week and has basically traded inside its earnings day candle. It also has a TTM Squeeze that just went dark blue to light blue. I like this over 23.60 for a move towards $25


FLWS is in a TTM Squeeze on the daily and regained its sma20 yesterday. I like this over 19.33 for a move to $20 or higher


TRIP is in a nice reversal pattern with a long TTM Squeeze on the daily. It also haas earnings on August 7th after the close and could make a nice move into that. I like this over 46.88 to $47 area for a move to $48 or higher


If you have any questions feel free to reach out to me in chat or at peter@thetraderspath.com and trade green!