Peter's Watch List October 4th

Good Morning,

It was quite a day for the market yesterday. We went much lower on weak ISM non-manufacturing numbers, but eventually reversed when traders started talking about the chances of a another Fed rate cut increasing with the weak economic numbers this week. This morning we are looking at a gap down at the moment, but a lot could change before the open, especially at 8:30 when the employment numbers get released. Although we did get a nice bounce yesterday, it is important to note that the overall trend right now is still down. That could change quickly, but until it does, we should approach this as a relief bounce and nothing more. Having said that we will continue with our patient approach with a focus on setups. Here are some names that we will be watching today:

WORK is one we mentioned on the mic yesterday as a long idea and it make quite the move. I like this for continuation today and ideally would like to see a flat or slightly down open and get long on a move over $25

ROKU is a name some members were trading in the room yesterday, and I like it for continuation today. I will be looking for a move over yesterday's high of 109.20 for a push up to the sma100 at 112.75

SRPT is a controversial biotech name that is under pressure from some questions about its already FDA approved product. It is showing some signs of a reversal after being pretty beat up. I like this over 82.43 for a push up to $84 or higher

GPRE has made a nice move off of lows from August and looks ready to take out its sma100. I like this over $11 for a move to 11.50 or higher

RARE is another name setting up for a reversal and in a nice TTM Squeeze on the daily. I like this over 43.75 for a push to $45 or higher

CROX is in a kind of sloppy cup and handle pattern and held its sma20 perfectly yesterday. I like this over 28.77 for a possible push up to $30

EVER is a name that I am watching for a potential short on a break of 19.75 for a test of yesterday's lows and possible break lower

STMP is another name that looks to be setting up short. I like this on a break of 72.50 for a possible test of $70 or even possibly lower.

K is a another name that I am watching for a potential short. I had been watching this recently for a breakout and that failed. I like this on a break down below 62,25 for a test of yesterday's low around 61.60 and possible move lower

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