Watch List February 3rd

Good Morning,

Yesterday we saw the market get some decent recovery and a big easing in the VIX. This morning we are looking at a moderate gap up for SPY and the QQQ and a little gap down for the IWM . We are also seeing the VIX pointing to a gap down open as well as a drop back below that $25 level. It will be very important to be patient at the open today to see how the market digests the gap up if that's what we get, and to also see how the PMI and ISM services numbers are when they are released in the first thirty minutes of trading. We also need to keep in mind that we may fill a gap above today on the SPY daily chart and that may lead to some profit taking. Here are a few names that I will be watching today:

DBX from the weekly watch list I am very interested in for a run into its earnings call on February 18th

VRRM made a big move on volume two weeks ago and is now consolidating nicely along vwap anchored to that high in a TTM Squeeze on the daily. I like this on a pull and hold of that vwap level around 13.50 for a push up to $15 or higher

GOSS is a biotech with no near term catalysts but a nice reversal chart setup with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up towards its sma200

PERI is in a nice TTM Squeeze on the daily heading into earnings on February 9th. I like this on a pullback and hold of the $15 level for a push up to 17.50 or higher into earnings

SVMK is another name with a TTM Squeeze heading into earnings next week. I like this over its sma20 for a push up to test the recent highs around 27.50 and possibly break higher

15 views0 comments