Watch List February 10th

Good Morning,

Yesterday the market took a but of a rest with a slightly red day, and this morning it looks like it is right back to making new all time highs in the premarket. The VIX which was slightly green yesterday is pointing towards a flat open, and this is something I will continue to keep a close eye on this week. Keep in mind that Fed Chair Powell is speaking at 2 PM today, and that any time he speaks there is the possibility that it moves the market. Overall we remain long biased but we are keeping position size small while we remain on all time high resistance. Yesterday we took a swing trade in GSAT and have already taken profits on most of this, and it has been an incredible trade that is currently up about 32% from our entry yesterday. I am likely to carry the rest of my shares into the regular session open. Here are some names that I will be watching today:


FSLR is in a TTM Squeeze on the daily and setting up for a 3/8/20 cross up. I like this on a soft open that goes red to green for a push up to recent highs around $112


WW is in a nice TTM Squeeze on the daily and has been getting some nice volume. I like this on a pullback and hold of its sma50 around $27 for a push up to $30 or higher


SRNE has made some big moves recently on heavy volume and is forming an ascending triangle on the daily. I like this on a pullback to the lower line of the triangle that finds support around 15.50 for a push up to the $20 area


POLA is in a beautiful pennant pulling back to its sma20 on the daily, and it has a TTM Squeeze on the 30 min chart. I like this on a test and hold of that sma20 for a break up and out of the pennant


BLDP is on side watch to see if their offering gets absorbed like we are seeing with many names recently





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