Watch List February 19th

Good Morning,

Yesterday the market saw a pretty sharp gap down that slowly recovered in the afternoon. The SPY and the IWM came somewhat close to touching their daily sma20 and the QQQ di have a successful test of the sma20. This morning we are seeing a gap up for all of the major indices and it will be interesting to see how that gets digested. We also have monthly opex today which always leads to some strange action and volatility in the large cap space. With this, we will likely be pretty quiet today. and our watch list will be more focused on small and mid cap names. Here are a few names that we are watching:

CIIC I am still watching from the weekly watch list and like this on a reclaim of its sma20

GES from yesterday's watch list remains on watch today. I like it on a test and hold of the 24.50 area

CLF is another name from yesterday that I am keeping on watch as it heads into earnings late next week.

EGHT is in a nice TTM Squeeze on the daily and may set up a 3/8/20 cross up. I like this over $36 for a push up to $40

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