Watch List April 28th

Good Morning,

Yesterday we saw the SPY make a new all time high but in a very choppy fashion on the intraday chart. This morning we are pointing towards a relatively flat open as we head into the start of the FOMC meeting today with a rate decision and presser tomorrow. I will be very patient this morning to see how the open settles in, and will really be cautious with new trades ahead of the FOMC unless I really see an A+ setup. Here are a few names that I will be watching today:


AAPL I like for a potential day trade quicker swing ahead of their earnings tomorrow


AUPH is a beat up biotech name setting up for a 3/8/20 reversal with a TTM Squeeze on the daily. I like this on a soft open that holds $13 for a push up to the mid $14s


FOLD is another beat up biotech name setting up for a reversal in a TTM Squeeze. I like this on a back test and hold of $10 for a move to the mid to high $11s


HST is a get back out there name that is consolidating nicely along its sma20 and vwap anchored to the recent highs in a TTM Squeeze on the daily. I like this from 17.25 to 17.40 for a push up to $19 or higher


QRTEA and ABNB I will be watching today from the weekly watch list





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