Watch List April 24th

Good Morning,

After a wild ride yesterday with some leaked GILD trial data again, that was negative this time. So far this morning we are looking at a bit of a gap up open, and it will be very important to see if the SPY has any appetite to take out its sma50 which should be around 280.50 this morning. I will again be very patient at the open to see how this gap up gets digested before looking for any new trades. Here are a few names that I will be watching:

STLD is in a nice TTM Squeeze and took out its sma50 yesterday. I like this over yesterday's high for a push up to $26 or higher

USFD is consolidating on its sma20 and building a nice base of anchored volume by price. I like this over yesterday's high for a push up towards $20

FDX is a name that I like for a potential short if the market gap up starts to fade after the open

NLOK I like long on a test and hold of the $20 level for a push up towards the $22 area

WDC I like short on a test of the ema8 and pullback from there. there is lots of room down if it breaks 37.50

SNAP I like long on a soft open and a red to green move for a push up to the highs from Wednesday

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