Watch List August 25th

Good Morning,

Yesterday we saw the SPY make another new all time high, but it was not able to move much at all after doing that and we were left with a very tight range doji for our daily candle. This morning we are seeing a flat to slightly gap down open for all of the major indices and a slight gap up in the VIX. It would not be unusual for us to see some tight range chop into the end of the month as we make new all time highs but struggle to really push higher with any kind of strong momentum. Today I will look to see if the slight gap down gets bought or not and trade accordingly. Here are some names that I will be watching:


AMD from yesterday's watch list I still like and would look for a gap down that goes red to green for a long entry


SNAP just started a TTM Squeeze on the daily as it continues to consolidate nicely post earnings. I like this on a pullback and hold of $74 for a push up to test the post earnings highs around $80 and possibly break much higher


BABA had a hammer candle Monday followed by a big gap up yesterday but is struggling with its ema8. It is gapping down this morning, and I like it short on a failed attempt to reclaim its daily ema8 around $171


TSLA reclaimed an anchored vwap level and its sma20 on Monday and held those levels yesterday and has a very nice TTM Squeeze on the 30 min chart. I like this long on a back test and hold of the $705 level which brought in buyers multiple times yesterday for push up to $720 or higher


BMBL had a 3/8/20 with a TTM Squeeze on the daily and some room up to vwap anchored to its IPO. I like this on a soft open that goes red to green for a push up to that anchored vwap level around $60


7 views0 comments