Watch List February 11th

Good Morning,

Yesterday was quite a day for the market with a gap up open, a big mid morning selloff, some recovery, and then a fade into the close. This morning we are seeing a bit of a gap up in the major indices and a mostly flat VIX. Overall it remains a time where the path of least resistance is up, but the pullbacks off of all time high resistance can be very uncomfortable. Managing this risk through smaller position size and overall risk remains the best approach. Yesterday we were able to book some nice gains in GSAT and AYRO and I took a new overnight swing trade in ENG, which already gave some trim opportunities this morning. Here are some other names that I will be watching today:


SRNE from yesterday's watch list is just about at the lower trend line of the ascending triangle, and I still like this on a test and hold of that line


POLA is another names from yesterday's list that I still like on a test and hold of the sma20


FSRV broke some trendline resistance yesterday in a TTM Squeeze. I like this on a soft open that goes red to green for a push up top $20


MIK is in a TTM Squeeze and is consolidating around vwap anchored to the January highs as it heads into earnings in early March. I like this on a pullback to that anchored vwap level at $16 for a push up to $18 or higher


XL is in a very nice TTM Squeeze and consolidating around its sma20. I like it on a move up over that sma20 around the $20 level for a push up to $23 or higher







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