Watch List March 12th

Good Morning,

The market had a very strong gap up and go day yesterday with continued easing in the VIX. We also saw the lagging QQQ have a very strong day. This morning the futures are pointing to a gap down for the major indices, which is not necessarily a bad thing. That could also change with the PPI numbers coming out at 8:30 AM Eastern. Overall I think the action this week has been pretty healthy and I continue to believe that the intermediate term trend is up. The bad news is that the SPY is right back on that all time high resistance. With this we always find it a good practice to stay long biased but to manage risk through smaller position size. Here are a few names that we will bw watching today:


CROX is setting up for a 3/8/20 cross p with a very nice TTM Squeeze on the daily. I like this for a swing trade on a pullback to the $80 area or for a day trade on a soft open that goes red to green for a test of $84 and possible breakout higher


DLTR is in a beautiful TTM Squeeze on the 30 minute chart and just reclaimed a key anchored vwap level on the daily. I like this on a soft open that goes red to green for a push up to $112 or higher


OCUL has very nice TTM Squeezes on the daily and 30 minute charts. I like this on a pullback to its daily sma20 for a push up to the December highs


VIRT is a boring financial stock that is consolidating along its sma20 and a key anchored vwap level with a TTM Squeeze on the daily. I like this on a pullback to that anchored vwap level around $28 for a push up to test $30 and possibly have a huge breakout there. The weekly chart is a massive inverse head and shoulders pattern with lots of room up












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