The market saw a pullback yesterday and we saw a bit of a spike in the VIX. Overall not a lot has changed as the SPY remains in a range bound pattern and for now has held the sma20 below. This morning the major indices are gapping up strongly in the premarket, and it will be important to see what happens if the SPY tries to test the sma50 above which is right near the key Fib level resistance as well. I will remain patient until we break this range bound channel in one direction or the other. Here are some names that I will be watching today:
TLRY had a nice bottom bounce on heavy volume yesterday, and I like this for continuation of that bounce on a move over $31 with range to $32 or higher
WB broke out a flag above its sma50 on heavy volume yesterday and looks ready to push up towards its sma100. I like this over 44.17 for a move to $46 or higher
K gapped up on earnings last month and recently pulled back to and held its sma20. It also has a TTM Squeeze on the daily. I like this over 63.71 for a move to $65 or higher.
ZM has earnings tomorrow after the close and could make a strong push up into that. It also has a great looking TTM Squeeze on the daily. I like this over $94 for a move to $96 or higher.
CUB is in a nice little pennant with a TTM Squeeze on the daily. I like this over yesterday's high of 70.13 for a move up to $72 or higher
SSNC is in a nice reversal pattern with a TTM Squeeze on the daily. I like this over 47 for a move up to 48.50 or higher