Watch List August 13th

Good Morning,

Yesterday we saw the SPY break to new all time highs again and with a little bit more strength than we have seen lately. We also saw the VIX lose the $16 level which has been a bounce point recently. This morning we are pointing towards a relatively flat open, and it will be important to be patient at the open to see if the market shows any signs of tiring out or not. Here are a few names that I will be watching today:


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


BIIB has 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 close the gap above around $350


DDD is a recent earnings winner that I like off of a pullback and hold of the gap start line around 32.50 area for a push up to test the earnings highs


SBLK has a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a pullback to the 19.50 area for a push up to $22 or higher

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