Watch List August 17th

Good Morning,

Yesterday we saw the market gap down and test lower before a very nice late morning reversal that pushed the SPY up to new all time highs yet again. We also saw the VIX gap up yesterday and then pretty much fade all day. This morning we are looking at another gap down open for the major indices and a gap up for the VIX. I will be patient in the morning to see if we find support and set up another reversal opportunity or if we see some more selling pressure today. In running my scans, there were surprisingly few good setups out there. Here are a couple names that I will be watching today in addition to the weekly watch list names:


ASO has a 3/8/20 cross up with a TTM Squeeze on the daily. I like this long on a back test of the sma20 around 36.50 for a push up to $40 or higher


YNDX 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 $74 or higher


TSLA I will be watching for a trade to the short side if it tries to reclaim the $680 level and fails for a push down to $660 or lower





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