We had a pretty uneventful day on the market yesterday with very little movement all day long. This morning, it looks like we will see a gap up in the major indices, but we will still be below the key dark pool levels mentioned in yesterday's email. With this gap up, I will be very patient to see how the open gets digested, and if the SPY has any appetite to go up and test the $300 level. Here are some names that I will be watching today:
PBYI is a beat up biotech that is showing some signs of recovery and a TTM Squeeze on the daily. I like this over $12 for a push up to the mid to high $12s
LGIH pulled off its recent highs and is consolidating along the sma20 in a TTM Squeeze. I like this over 82.82 for a move up to $84 or higher
FND in in a long flag with a TTM Squeeze on the daily. I like this over $50 with a light blue momentum bar on the TTM Squeeze.
MANH is from yesterday's list and is still looking good here. I like this on a move over 84.40 for a push up to $86 or higher
FIT is a name that I tried yesterday and stopped out for a small loss. I still like the setup and the story here, and I like this it held a .618 retrace on the pullback yesterday afternoon. I'm looking for entry over 4.15 for a test of yesterdays highs and possible push to the high $4s