Watch List April 20th

Good Morning,

Yesterday we finally saw the major indices take a bit of a rest and this morning we are pointing to another gap down open for all of the major indices and a gap up for the VIX. Overall this pressure is welcome by me as the indices needed a pullback after getting quite extended. The key now is figuring out just how far we are going to pull before finding some support. For today I'm likely to focus mostly on day trades, but I will be watching a few names for possible swing starters:


AAPL from the weekly watch list showed a lot of relative strength yesterday, and I still like this if it gives me a bit of a pullback for entry for a run into earnings next week


BA is another name I like front he weekly, but I'm moving this into the keep an open mind category. I like it long if it can reclaim anchored vwap at $245, but I like it short it it tries and fails to reclaim that level


CHWY from the weekly watch list gave a great day trade in the room yesterday and I still like this with an open mind - short on failure to reclaim anchored vwap around $83 ad long for a bounce off the sma200 around $75


EXPE is reclaiming vwap anchored to the recent highs in a nice TTM Squeeze on the daily. I like this on a back test of that level around $174 for a push up to $187 or higher


FIZZ is rounding up nicely on a long consolidation in a TTM Squeeze on the daily. I like this on a back test of its sma50 around $51 for a push up to $57 area


SABR is reclaiming vwap anchored to the recent highs in a TTM Squeeze on the daily. I like this on a back test of that vwap around 15.20 for a push up to the high $16s








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