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Peter's Watch List November 1st

Good Morning,

The market had an interesting day yesterday with a relatively flat open followed by a pretty sharp pullback in the morning and then a lot of choppy sideways trading. Later in the day there was a decent push back up leaving us with a lower wick on the SPY that pushed up off of the ema8. As I type this morning at 6:35 AM Eastern, we are looking at a modest gap up on the indices, but a lot could change in the premarket and early in the trading session with some key economic reports coming out today including the employment report and the PMI and ISM manufacturing indexes. Overall I still plan on letting the market continue to digest the FOMC and the economic reports, and hopefully we see a clear direction for the market soon. Here are a few names that I will be watching today:


FIT is a name that has been the subject of buyout rumors, and they have earnings next Wednesday after the close. I think there is a good chance that this will continue to push up into that event as M&A speculation continues. I like this over 6.25 for a test of yesterday's high and possible push up towards the mid to high $6s


MTSI is in a TTM Squeeze on the daily and looks ready for a move up into earnings on November 12th. I like this over $23 for a push up to the mid to high $23s


ANGO gapped down on earnings in early October and now has had a 3/8/20 cross back up on the daily chart in a TTM Squeeze. I like this over 15.34 for a push to $16 or higher


NEM is a gold name that has a short term double top and a nice TTM Squeeze on the daily. I like this over 39.76 for a test of $40 and possible push up toward $41


ROKU is a name that I still like on a move through $148 for a push up to the recent highs just over $151 as this may continue to push up into earnings next Wednesday