Watch List December 4th

Good Morning,

Yesterday we saw a doji candle from the SPY as we gapped up and eventually pushed higher before having a pretty sharp pullback late in the day. This morning we are looking at a moderate gap up as I type here at 7:40 AM Eastern time, but that could certainly change with the employment report that is coming out at 8:30 AM. The major indices remain strong but also remain on all time high resistance, which could lead to a big move in either direction in the coming days. Overall I will remain long biased but with very small size to manage risk. Here are a few names that I will be watching today:


FUTU I still like from yesterday's watch list. This is in a nice pullback to its sma20 and a key anchored vwap level and I like it on any push up over those levels around 42.50


MPW I like for a day trade on a break of yesterday's high of day or for a swing on a pullback to vwap anchored to the recent highs, which is around 19.50 for a push up to those recent highs in the mid $21s


MNST pulled back off of a double top around $88 and is approaching the sma20 and a key anchored vwap level below in a TTM Squeeze. I like this on a pullback to those levels around 84.50 for a swing entry to retest the double top and break out much higher






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