Watch List February 17th

Good Morning,

Yesterday we saw the market make yet another all time high at the open and then we saw some profit taking and chop the rest of the day. This morning it looks like we should see a relatively flat open with the SPY slightly up and the IWM and QQQ slightly down as I type at 7:40 AM Eastern. Keep in mind that we have the FOMC minutes today and that could have some impact on the market at 2 PM Eastern. Overall we remain in a place where all time high resistance is a constant threat and the move up keeps happening but in a slow but choppy manner. Our belief that the uptrend remains intact but that keeping position size and overall risk on the smaller side has not changed. Yesterday I took an overnight swing trade in SONM which was looking good in after hours yesterday but is under some pressure in the premarket. For now I will let this play out and see how it opens in the regular session unless something changes significantly in the premarket. Here are some names that I will be watching today:

CIIC, NNDM, and JAZZ I will be watching for potential entry today off of the weekly watch list

CBAT is in a very nice TTM Squeeze on the daily and is riding its daily sma20 up towards its November highs. I like this on a soft open that goes red to green for a push up to $11 or higher

KNDI is another EV play that looks a whole lot like AYRO prior to its big move with a tight TTM Squeeze on the daily. I like this off of the daily sma20 around 8.75 for a push up to test recent highs around $11 and possibly higher

SPI is a name in a tight coil that is back in a TTM Squeeze on the daily. I like this over $11 for a push up to 12.50 or higher

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