Peter's Watch List September 26th

Good Morning,

Yesterday we saw a decent bounce in the SPY off of the sma50 and off of some positive US China trade comments from the President. This morning we were looking at a modest gap up, and seem to be trending now towards a flat open after the House Intelligence Committee released the whistleblower complaint. I think we run the risk of seeing a lot of chop over the next few days in this news driven environment. Big spots to watch today on the SPY are the ema8 above and the sma20 below. Here are some names that I will be watching today:


FRAN is a wild one that I will only trade in very small position size. This had a huge gap and go a few weeks ago and has since retraced and held its sma20. I like this over $15 for a move up to $16


AAOI is in a nice little flag pattern and I think the sma200 above will be like a magnet for this one. I like this over 11.75 for a push up to the 12.20 area where the sma200 is


CRCM is a very beat down name that is in a long TTM Squeeze on the daily. I like this over 10.50 for a move up towards $11


BIG is another beat up name that look like it is reversing. I like this over $24.44 for a push up towards the $25 level


PBYI I have been watching all week. I like the TTM Squeeze on the daily and the little short term flag. I am looking for entry on a break of yesterday's high at 12.26 for a push up towards $13



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