Watch List February 4th

Good Morning,

Yesterday we saw a pretty flat day for the major indices but interestingly we did see continued easing in the VIX which dropped comfortably under that $25 level. This morning we are pointing towards a moderate gap up as I type here at 7:50 AM, but a lot could change with the jobless claims umbers at 8:30 AM. Overall we remain in an intermediate term uptrend with the risk of meaningful pullbacks at any time as we sit right under all time highs, and we will continue our approach of keeping overall risk on the smaller side. Yesterday we took an overnight swing trade in IBIO and I have already taken profits on what was a very nice trade in the premarket. This may still push higher, but it hit pretty much all my targets and I took the win. Here are soem names that I will be watching today:


GOSS from yesterday's wl I still like if it can get back over its sma20 in this daily TTM Squeeze


KOPN is a name that we traded recently as an overnight swing trade, and I am now watching for a standard swing trade. Ideal entry would be around vwap anchored to the February 2nd highs which is around the 6.40 area


RRR recently lost its sma20 but held a key anchored vwap level in the pullback. I like this on a reclaim of that sma20 around the $25 level for a run into earnings on February 9th after the close


NTAP made a big move on January 27th and I like it on a reclaim of vwap anchored to that day as it has a nice TTM Squeeze on the daily


WY made a strong move on volume yesterday in a TTM Squeeze. I like this on a soft open that goes red to green for a push up to the $38 area


WBT pulled off of highs recently and is trying to 3/8/20 cross back up in a TTM Squeeze. I like this on a pull and hold of that sma20 around $14 for a push up to $16



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