Watch List April 15th

Good Morning,

The market took a bit of a much needed rest yesterday with the SPY and the QQQ red and the IWM holding green but leaving a big upper wick. This morning we are seeing a gap up for all of the major indices and a moderate gap down for the VIX. We remain in a place where the market is in a clear uptrend, but we can see sharp pulls at any time from all time high resistance. We are also continuing to see a very fast pace of sector rotation which is making things a bit more challenging than they should be. Here are a few names that we will be watching today:


AAPL is forming a bit of a cup and handle here with a product event next week and earnings the following week. I like this on a pullback to $132 for a push up towards $140


FSLY can be a tricky trader but I think it presents a nice r/r here with an inverse head and shoulders with a TTM Squeeze. I like it on a pullback to its sma20 for a push up to $80


SIX is a get back out there name that is trying to reclaim its sma20 in a TTM Squeeze on the daily. I like this over $47 for a push up to $52 or higher


TRN has a nice inverse head and shoulders with a TTM Squeeze on the daily. I like this at 28.50 for a push up to $31 or higher


MTB I still like on any pullback to anchored vwap around $154 for a push up to $165 or higher




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