Watch List August 12th

Good Morning,

Yesterday we saw another new all time high for the SPY and another day where we had some moves early and then mostly traded sideways. This morning we are looking at a relatively flat open for the major indices and the VIX, but that could all change at 8:30 when the jobless claims and PPI numbers come out. Overall the path of least resistance remains up, but we could certainly see a sharp pullback at any time. Here are a few names that we will be watching today:


UPST had a big earnings beat yesterday and after some early downward pressure it held on to its gains. I like this on a soft open that goes red to green for a move to its all time highs


ETSY has had a strong recovery after an earnings miss, and is trying to take out its daily sma20. I like this on a soft open that goes red to green for a push up to $200 or higher


APA has a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a pullback to $19 for a push up to $21 or higher


PENN has a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on another test of its daily sma20 around $70 for a push up to $80 or higher

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