Happy New Year's Eve!
The market gave us a bit of a mixed day yesterday with a tight range green day for the SPY, a virtually flat day for the QQQ and a little bit of a rotation back into small caps with the IWM having the biggest gain on the day. This morning we are looking at another mixed to flat open, which could all change when the jobless claims numbers come out at 8:30 AM Eastern. Trading volume is likely to be very light today. We will not be on the mic at all today, but the chat room will be open and we will be posting day trade ideas at the very least. Here are a few names that we will be watching today:
CAR is trying to reclaim a key anchored vwap level in a TTM Squeeze. I like it over that level at 37.50 to 37.75 for entry for a push up to $40 or higher
FUTU is also reclaiming a key anchored vwap level as well its sma20 in a TTM Squeeze. I like this over $43 for a push up to $50 or higher
TCF is reclaiming a key anchored vwap level in a TTM Squeeze. I like this on a back test and hold of that level around 36.50 for a push up to $40
NIO is setting up for a nice 3/8/20 cross in a TTM Squeeze. I like this on a pullback and hold of the $47 area for a swing entry for a push up to $55 or higher