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Peter's Watch List October 15th

Good Morning,

Yesterday we saw a lot of indecision from the market on the lowest volume day of the year. Looking at the SPY, we close only 2 cents above where we opened and mostly traded sideways all day long. This morning, we are looking at a gap up open if things hold up as they are now at 7:45 AM Eastern time. Looking at things from a technical standpoint, it's a bit of a mixed bag. Price has moved back over the sma20, but we still have the ema3 and ema8 below the sma20 on the SPY, and until we have a clean 3/8/20 cross up, I think we need to consider this as just a relief rally. We are also still very much in a news driven environment, and we need to be ready for anything in this constantly evolving US China trade deal. Overall, I remain patient and focused on shorter term time frames. Here are some names that I will be watching today:


ADVM is in a nice reversal pattern and made a nice high volume move yesterday. I like this for continuation over yesterday's high of 6.35 for a move to the high $6s


INMD is the rare recent IPO that has bee showing strength all along. It made a very nice move over its sma20 yesterday on high volume. I like this over 27.36 for a push up to $28 or higher


AGS is in a very nice TTM Squeeze on the daily and took out its sma50 yesterday. I like this over 11.52 for a move up to $12 or higher


UBER is a very beat up recent issue that is showing signs of at least giving a decent bounce here. I like this over 31.50 for a move up to $32 or higher


I is in a TTM Squeeze on the daily and looks ready for a breakout over the $25 area. I like this over 25.03 for a push up to $26 or higher


Z finally appears to be basing a bit after a long pullback after earnings in August. It also has a nice TTM Squeeze on the daily. I like this over 30.21 for a move up to $31 or higher