Watch List August 24th

Good Morning,

Yesterday we saw a strong day for the SPY with another new all time highs and continued easing in the VIX. The VIX in particular is very interesting as it leaves us with a lower high on the recent spike and has now lost its sma20, sma50, and the $20 level. This morning we are pointing towards a moderate gap up for all of the major indices and a flat open for the VIX. My plan will be to stay patient at the open and then see if the market wants to continue higher. Here are a few names that I will be watching:


AMD had a very nice push up off of its sma20 after a couple days of consolidation around it. I like this long on a soft open that goes red to green for a push up to $115 or higher


BLMN has a double bottom and is reclaiming a key anchored vwap level with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to the 27.50 area


BMBL continues to consolidate nicely around its sma20 and is building a nice shelf of anchored volume by price in a TTM Squeeze on the daily. I like this on a pullback to the $50 level for a push up to $55 or higher



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