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Peter's Watch List September 10th

Good Morning,

The market moved higher yesterday on a gap up, but after a little sideways movement we pretty much saw an all day fade for most of the major indices. The SPY and the DIA ended up closing green on the day but with closed candles. The QQQ showed a bit more weakness than the others and had a red candle yesterday after gapping up initially. The IWM was the lone bright spot as it opened up and just kept pushing higher most of the day. It will be very important to see if we continue to see this divergence today or not as it seems we might be seeing some sector rotation going on. As of now all of the indices are pointing towards a modest gap down open, and I will be patient at the open until we see some direction. Here are some names that I will be watching today:


OSTK is a heavily shorted name that made a nice move yesterday and could put shorts under some pressure if that move continues over the $20 level. I like it over $20 for a move to $22 or higher


RCKT has a TTM Squeeze on the daily and made a move over its sma50 yesterday. I like this over 12.50 for a possible push up to $13


QNST had a nice 3/8/20 cross on the daily and has a TTM Squeeze. I like this over yesterday's high of 12.16 for a push up into the mid to high $12s


USX has made a strong volume move off of a bottom and took out its sma50 over the last few days. I like this over 4.83 for a test of $5 and push up towards the sma100 around 5.20


BOOM is in a nice TTM Squeeze on the daily and is setting up for a 3/8/20 cross. I like this over 45.50 for a move up to the $47 area


NKTR is in a TTM Squeeze on the daily and is also setting up for a 3/8/20 cross. I like this over $18 for a push up to $19 or higher


NWSA has a TTM Squeeze on the daily and just went from dark blue to light blue bars. It also has a double top at 14.38 I like it over that level for a push up towards $15