Peter's Watch List October 17th

Good Morning,

We had a seriously indecisive day for the market yesterday. Looking at the SPY, it opened exactly where it close after trying to pull back and trying to push higher leaving us with a textbook doji. It seem right now like the market is just waiting on news to make any sort of bigger move. I will continue to be patient and short term focused in my trading until we see some clearer direction from the market. The other thing to note with the market is we are starting to see some low float and small cap mania, which is generally not a good thing for the market, but it is a trend that we can take advantage of. With this trend I'm starting to look at overnight swing setups again on small caps, and we caught a nice one yesterday with SEEL. Here are some names that I will be watching today:

ENDP has a double top at 4.47 and had very strong volume yesterday. I like this over 4.47 to 4.50 for a push up to the high $4s

SNDR is one of many trucking names that looks strong and has a very nice TTM Squeeze on the daily. I like this over 22.61 for a test of $23 and possible push higher

CARB is in a TTM Squeeze on the daily and looks ready to break out over some strong resistance at $16 for a push into the mid $16s

RARE is a name that will be for day trades only since they have trial data due in the 4th quarter. It has a nice TTM Squeeze on the daily, and I like it over 44.26 for a push up to $45 or higher.

RMBS confirmed a 3/8/20 cross up on the daily yesterday on very nice volume. I like this over 13.77 for a test of $14 and possible push higher

SKX is in a nice coil on the daily chart and is testing resistance at 37.50 on nice volume. I like this over that level for a push up to $38 or higher

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