Watch List August 10th

Good Morning,

Yesterday we saw a little volatility for the indices early and then a very rangebound, sideways type of day. This morning we are likely looking at a flat open and could certainly see more of the same. The SPY and QQQ are both sitting right on all time high resistance, and we could see a major breakout or a sharp pullback in the coming days. Overall I believe the path of least resistance is up, but I will carefully manage risk through small positions sizes as we sit on that all time high resistance. Here are some names that I will be watching today:


BBBY is a wall street bets name that could move today in sympathy to AMC which is gapping up on earnings. I like this on a soft open that goes red to green for a push up into the low $30s


BLNK has a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a pullback and hold of its sma200 for a push up towards the $40 area as it heads into earnings Wednesday after the close


FB I like short on a break of its daily ema8 for a retest of its sma20 and possible push lower


GPRO is setting up for a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to $12 or higher


LAZR is a beat up name that is setting up for a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a pullback and hold of that sma20 around 18.25 for a push up to $20 or higher



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