Watch List April 22nd

Good Morning,

Yesterday we saw a pretty good bounce for the indices and probably more interesting we saw some big bounces in a a number of beat up growth names. This morning it will be very important to see in both cases if these were just relief bounces or if we see some change in character for the market. This morning we are pointing towards a relatively flat open, and it will be interesting to see what kind of open we have after the jobless claims numbers were better than expected. I will likely be patient to let the open digest before I really start looking for any trades. Here are some names that I will be watching today:


AAPL I still like off of the weekly watch list - ideally on a soft open that goes red to green


EXPE is consolidating nicely along vwap anchored to the recent highs and its sma20 in a TTM Squeeze on the daily. I like this on a pullback to anchored vwap around $174 for a push up to test the recent highs into earnings on May 6th


GDS is setting up for a 3/8/20 cross in a TTM Squeeze. I like this on a soft open that goes red to green for a push up to $87 or higher


LMND had a strong push on volume yesterday with a TTM Squeeze on the daily, and I like this for continuation on a soft open that goes red to green for a push up to $100 or higher


MDRX is building a huge base of anchored volume by price and trying to take out vwap anchored to the February highs in a TTM Squeeze on the daily. I like this on a pullback to anchored vwap around 15.80 for a push up to $18 or higher


NIO is setting up for a 3/8/20 cross with a TTM Squeeze on the daily as it heads into earnings on April 29th. I like this on a soft open that goes red to green for a push up to the $45 area


SIX is a get back out there name in a TTM Squeeze that could get a boost from and good news on the JNJ vaccine pause being lifted. I like this on a pullback to $48 for a push up to $51 or higher

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