Watch List August 13th

Good Morning,

Yesterday we saw the market put in a green day and a new high of this rally, but it did stop just short of making a new all time high. This morning we are down slightly, but that could change at 8:30 AM Eastern when the jobless claims numbers are released. Overall, we continue to put in pretty tight range days for the most part, and this remains a time for me to still lean bullish but cautiously as a sharper pullback could come at any time. Yesterday we stopped out of SDC for a .06 loss ahead of earnings, and if you look this morning, you will see why we don't hold through earnings. Keeping your losses small like this is critical to success as a trader. Here are some names that we will be watching today:


SBUX is trying to take out its sma200 and I like this long on a breeak of 80 with volume for a move to $90 or higher


ADI just had a 3/8/20 cross in a TTM Squeeze and is trying to take out its sma50 now. I liek this over $120 for a push up to test $125 and possibly push toward $130


DNKN is in a nice ascending triangle in a TTM Squeeze. I like this on a pullback and hold of $70 for a push up to $75 or higher


DLTR is another name in an ascending triangle in a TTM Squeeze. I like this on a pullback to $98 for a push up into the gap that fills around $109


NXPI is another name in an ascending triangle in a TTM Squeeze. I like this on a pullback to $122 for a push up to $130 or higher


ON broke out of an ascending triangle yesterday and then pulled a bit. I would like to see this test and hold the breakout area of $22 to get long for a push up to $25







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