Watch List for April 16th

Good Morning,

The much anticipated jobless claims #'s are out this morning and they are pretty much in line with expectations. So far the major indices are moving up on this news in the premarket, and we will have to see if that continues into the open. I will be very patient at the open to see how these numbers get digested and which way the market wants to move today. Yesterday I took a new swing in CODX calls, and they had a press release today which has the stock up nicely in the premarket. Hopefully this holds up into the open and gives us another nice profit opportunity this morning. Here are a few names that I will be watching today:

PTON I like this on a soft open and move over $35 for a test of yesterday's high and possible push higher

WORK looks just like PTON did a couple weeks ago. I like this on a soft open and a red to green move for a push up to $30 or higher

BA I like on a soft open and then a red to green move for a push up to $150 or higher

CLVS is putting in a bit of an inverse head and shoulders and has a PDUFA date on May 15th. Be aware that these PDUFA decisions can come early so if I trade this I will only use options to limit my risk. I like this name over 7.31 for a push up towards $8 or higher

SHAK made a nice double bottom recently and is struggling to get over its ema34. I like it on a soft open and red to green move for a test of the ema34 around $45

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