Watch List December 29th

Good Morning,

Yesterday we saw the market gap up and just move dead sideways all day which made for a bit of a frustrating day as far as any day trades setting up. It was also interesting that despite the very green day for the market, breadth was very weak and lots of individual names had very sharp pullbacks. Also the VIX was slightly green despite the market strength. Today we are looking at a gap up open again, and hopefully we get some sort of early down test rather than just going sideways all day again. Here are some names that we will be watching today:


ULTA made a strong move on volume in a TTM Squeeze yesterday. I like this on a soft open that goes red to green for a push up to recent highs


CFFN is setting up for a 3/8/20 cross in a TTM Squeeze on the daily, I like this over 12.60 for a push up to the mid to high $13s


AAL is holding a Fib cluster on a pullback that overshot its sma20 a bit and is now setting up for a 3/8/20 cross back up. I like this over 16.40 for a push up to recnt highs in the mid $18s


GP made a strong move on heavy volume yesterday and I like this for continuation on a soft open that goes red to green for a push up to the recent highs around 32.50


PEIX is in a tight consolidation in a very tight TTM Squeeze. I am looking for an entry anywhere between 6 and 6.15 for a push up to test resistance at 7.50 and possibly break much higher


LAZR is forming a nice pennant as it pulls back to its sma20 again. I'm interested in a swing entry on a test an hold of that sma20 for a push back up to $40 or higher








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