Peter's Watch List October 30th

Good Morning,

We had a mixed day for the major indices yesterday with new all time highs for some of the indices, but also a bit of a fade into the close. Today will be all about the FOMC rate decision and press conference this afternoon. We will likely be active for a short period this morning and then see things really slow down heading into 2 PM Eastern. I will mostly be looking for trading opportunities prior to 11 AM Eastern and then maybe late in the afternoon. Please note that FOMC days almost always see an initial move followed by a counter move, and its important not to chase the initial move. Here are a few names that I will be watching today:


CCXI will be for quick day trade only as they have Phase 3 data due in the 4th quarter. I like this over 8.52 for a push up towards $9


FTCH has been basing and setting up for a reversal and has a nice TTM Squeeze on the daily. I like this over 9.02 for a push up to the mid to high $9s


THC has earnings next week and is making a nice run into that. I like this over 26.86 for a continued push up into earnings


WORK had a nice bounce off of the $20 level and looks like it may want to push up towards its sma20. I like this over 22.75 for a move to 23.25 or higher


WMGI is setting up for a reversal and is in a TTM Squeeze on the daily. I like this over 20.80 for a push up to the mid to high $21s

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