Watch List August 25th

Good Morning,

Yesterday we saw the SPY and the QQQ break to new all time highs and the other major indices had solid gains as well. Early this morning in the premarket, it looks like we are heading for another gap up open, but just like yesterday the VIX is completely flat and still looks like it is ready for a spike on the daily chart. We do have a number of economic reports coming out this morning including the Richmond Fed Manufacturing Index and Consumer Confidence numbers coming out at 10 AM Eastern, which could have some impact on the market. Overall, nothing has changed in our approach that we remain in an uptrend that we don't want to fight, but caution through small position size is warranted. Here are some names that we will be watching today:


AMCX is reclaiming a key anchored vwap level in a TTM Squeeze. I like this on a soft open and red to green move for a push up to $27.50 area or higher


FIVE is building a huge shelf of volume in a TTM Squeeze. I like this for a swing on a pull and hold of $110 or for a day trade on a 113.50 break


BA I'm watching with an open mind but 183.50 is a critical anchored vwap level where rejection could lead to a nice short setup or taking that level out with volume could lead to a major breakout


AZUL I like on a soft open and red to green move for a push up to test $13 and possibly go much higher


GOOS from our weekly watch list last week is looking very interesting on a 23.50 break for a push up to the $27 to $28 area


OUT made a strong push through a key anchored vwap level and has a TTM Squeeze and a very nice shelf of anchored volume by price. I like this on a test and hold of $16 or a red to green move for a push up to $18 or higher















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