Watch List April 14th

Good Morning,

Yesterday after a whole lot of sideways action, we saw the market ramp up to new all time highs yet again. This morning we are pointing towards a moderate gap up in the SPY and a slightly stronger gap up in the IWM and the QQQ. We are also looking at a relatively flat open for the VIX. Today we have Fed Chair Powell speaking at noon and we have the Fed Beige Book at 2 PM. Both of these have the potential to move markets a bit, and we may see some risk off into these. Overall we continue to see the market push up with a lot of rotation, and we will continue to be long biased and manage risk through smaller position size while on all time highs. Here are some names that we will be watching today:


ABT pulled away from vwap anchored to the Feb highs with a TTM Squeeze on the daily heading into earnings next Tuesday before the market opens. I like this on a pullback to $122 for a quicker trade for the run up into earnings


BILI is a beat up tech name that is lagging some of the recovery we've seen in other tech names and has a nice TTM Squeeze on the daily. I like this on a reclaim of the sma20 for a push up to vwap anchored to the February highs


JNPR has a nice inverse head and shoulders with a TTM Squeeze on the daily. I like this on a pullback to the sma20 for a push up to $27 or higher


PACB is a consolidating nicely along its sma20 after a pullback from all time highs. I like this long at 32.50 for a test of vwap anchored to those highs and possible break back up to those highs


I am also watching ATH and MTB from yesterday







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