Peter's Watch List November 12th

Good Morning,

We had a bit of a mixed message from the market yesterday with a gap down open that slowly made gains over the course of the day but still closed red on the day. This morning as I type here at 7 AM we are up slightly in the premarket on all of the major indices. We also have the VIX up slightly in the premarket, which is again giving us a bit of mixed message. We also have a speech today from President Trump on trade policy at The Economic Club of New York at noon Eastern time, which could move markets in either direction. Overall, I still feel that we need to stay focused on shorter time frame trades until we see some sort of stronger test down from the indices. Last night my scans did not turn up a lot in the way of great setups, but I did turn up a few. Here are some names that I will be watching today:

GTX is a name that gapped down on earnings last week and the gap down was aggressively bought up. It also has a TTM Squeeze on the daily. I like this over 10/70 for a push up to $11 and possibly higher

SQ had a great earnings report last week and kind of a mixed reaction on its earnings day. It also has a nice TTM Squeeze on the daily. I like this over $64 for a test of yesterday's highs and possible push up to the sma100 around $66

KL is a gold name that I have on the list in case we see some weakness in the general market today. It has a TTM Squeeze on the daily and is in a tight coil that looks ready to make a bigger move here soon. I like this over $46 for a move to $47 or higher

LOW is off our weekly watch list, and I still like the weekly entry, but would also be interested in a move over 114.50 on volume for a test of the recent highs

ZS is a beat up name that is showing signs it may bounce soon here. I like this over 44.50 for a push to $46 or higher

5 views0 comments