Watch List January 13th

Good Morning,

Yesterday we saw a largely flat day for the market, and this morning we are pointing towards a moderate gap down in all of the major indices and a gap up in the VIX. It will be important to see if the SPY can hold its daily ema8 which is just below where we are in the premarket. If that doesn't hold, we could see a test of the sma20 below. Overall I think this little pullback and move sideways isn't a bad thing and we will be watching to see where we might find some support. Yesterday I took an overnight swing in SOLO and have already taken a couple of trims and I'm looking for a quick move this morning to break through the $9 to 9.25 area for a push much higher and if I don't get it quickly I will sell the rest. Here are some names on watch for today:


CWH took out a key anchored vwap level yesterday and I like this on a back test of that level at 30.75 for a swing entry and would also be interested for a day trade on a red to green move after a soft open


GPS I like for a swing trade on a pullback to 22.50 area or for a day trade on a break of 23.50


FNKO is in a TTM Squeeze on the daily and reclaimed its sma20. I like this on a soft open that goes red to green for a push up to 12.50 or higher


RTX is setting up for a 3/8/20 cross in a TTM Squeeze. I like this on a soft open that goes red to green for a push up to test $75 and possibly break much higher


UA is in a TTM Squeeze on the daily and pushing up off its sma20 with a big gap above. i like this on a soft open that goes red to green for a push up into the gap









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