Watch List April 21st

Good Morning,

Yesterday we saw the major indices under continued pressure with the SPY losing its daily ema8 but holding vwap anchored to the gap and go day from April 5th. Today it will be critical to see if this anchored vwap level continues to hold or not. If not, I believe that we have some more room down in this much needed pullback. So far this morning we are pointing to a mixed open with the SPY flat, the IWM up, and the QQQ down with a VIX that is also slightly down. Right now until we have a better picture of which way the market wants to go, I will be very patient on new swings unless its truly an A+ setup. Here are a few names that I will be watching today:


AAPL from the weekly watchlist in interesting long if it holds its ema8 and the market finds support, or I would now consider it short if the SPY loses anchored vwap and AAPL can't hold that ema8


ALKS is in a nice reversal pattern and showing strength relative to the XBI. I like this on a pullback to its sma20 around 19.75 for a push up to $21 or higher


CLX reclaimed vwap anchored to the recent highs and is in a nice TTM Squeeze on the daily heading into earnings on April 30th. I like this on a pullback and hold of that anchored vwap level around 192.50 for a push up to $200 or higher


MDLZ is consolidating nicely along vwap anchored to the recent highs and its sma20 in a TM Squeeze heading into earnings on April 27th. I like this on a pullback to that area around $59 for a test of $60 and run into earnings


FIZZ I still like long from yesterday's watchlist

18 views0 comments