Peter's Watch List October 18th

Good Morning,

Yesterday we saw a whole lot more indecision from the market. The SPY had a choppy sideways day and didn't really give much direction as it would slow grind higher and then keep giving it all back quickly in sharp little pullbacks. This is not at all unusual as we are sitting just below all time highs. This morning we are looking at a pretty flat open as I type around 7:30 AM Eastern. I think our patient approach this week has served us very well, and I will continue to be patient. I did take another overnight swing yesterday in ENDP and already trimmed some in the premarket on a nice gap up. Here are some names that I will be watching today:

FRAN is a name we watched a lot of last week and it broke out of its flag pattern yesterday. Ideally I would like to see this pullback a bit and hold the $20 level where I would look to pick up a small position for a test of yesterday's high and possible push higher

PAYS is in a TTM Squeeze on the daily and is retesting its ema34 after that acted as resistance about a week ago. I like this over 11.25 area for a push up to the mid to high $11s

FIT is trying to move over its sma100 in a nice reversal pattern, and its getting a lot of volume as takeover chatter is starting to circulate on social media again. I like this over 4.07 for a push up to the mid $4s

CNC moved over its sma50 yesterday in a potential reversal pattern on the daily. This sector has been very beat up and getting some life off of positive earnings from UNH. I like this over 47.26 for a 47.50 test and possible move to $48 or higher

SRCL has a cup and handle on the daily with a nice gap above and a TTM Squeeze. I like this over 53.45 for a push up into the gap above.

ATUS has a nice daily chart with a TTM Squeeze on the daily and a 3/8/20 cross up. It also has a beautiful cup and handle on the weekly. I like this over 30.10 for a push up to the mid to high $30s

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