Watch List August 18th

Good Morning,

What a tight range day for the market yesterday. We opened at 337.91 and closed at 337.91 and traded a really tight range all day long. We are still sitting just below all time high resistance and the charts for the major indices all still lean bullish. Having said that, we are still carefully managing risk through smaller position size while we sit on this all time high resistance. The VIX continues to ease but it is in a TTM Squeeze and could spike at any time. Overall I remain long biased but cautious here. Here are some names that I will be watching today:


ADPT is finding some support after pulling off of recent highs and is starting a TTM Squeeze. Ideally I like this on a back test and hold of a key anchored vwap level at $40 for a push up to $45 or higher


EXPE is coiling in a nice TTM Squeeze just below its sma200. I like this over $89 for a push up towards $100


WDAY is holding a shelf of anchored volume by price and is reclaiming vwap anchored to the recent highs. I like this over $186 for a push up towards $200


MIK has a beautiful double top at $9 with lots of room up if it breaks. I like this over $9 for a push up to $10 or higher into their earnings report on September 3rd


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