Watch List August 26th

Good Morning,

Yesterday we saw the SPY and the QQQ continue to push to new all time highs and the VIX, which was pushing early in the day, eased into the close. This morning the major indices are mixed but for the most part flat very early in the premarket. The market is still very clearly in an uptrend, but there are a number of yellow flags out there that continue to tell me to ride the trend but in very small position size. Heading into tomorrow I will want to have risk especially light as we have jobless claims numbers at 8:30 AM, GDP numbers at 8:30 AM, and Fed Chair Powell is speaking at 9:10 AM. All of these events have the potential to move markets, and I don't want to be overexposed here. Here are some names that I will be watching today:


ADI has a TTM Squeeze and a 3/8/20 cross and a very nice shelf of anchored volume by price. I like this on a soft open and red to green move for push up to the $125 area or higher


ATRA is another name with a TTM Squeeze and a 3/8/20 cross that I like on a soft open and red to green move for a test of $14 and possibly push to the mid to high $15s


WB is in a TTM Squeeze and is setting up for a 3/8/20 cross with a nice shelf of anchored volume by price. I like this over $36 for a push up to the sma200 around $40


WKHS is in a longer flag pattern in a TTM Squeeze and took out a key anchored vwap level yesterday. I like this for a swing on a retest and hold of that level around around 17.50 or for a day trade on a break of yesterday's high


SPAQ made a strong move on heavy volume in a TTM Squeeze yesterday and I like this on a soft open and red to green move for a push up to the mid $15s or higher


ELY has a nice shelf of anchored volume by price and a nice TTM Squeeze. I like this on a pullback to the 19.25 area for a swing entry for a push up to $22 or higher










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