Yesterday the market was slightly green and we are pointing to a flat to slightly up open for the moment. that could all change at 8:30 AM Eastern when the jobless claims numbers come out. Overall we remain in an intermediate term uptrend and close to all time high resistance, and we are sticking with our approach of staying long biased in smaller size. Yesterday we had quite a day of booking nice profits on our GME and COTY trades, and we took overnight swing trade in CSCW and NNDM. Apologies on the CSCW as that just moved faster than I could even alert my entry but gave a nice win. ON NNDM we are caught in an offering, but it is getting some nice recovery so far with some nice block trades coming in during premarket trading. I will give this some time into the open most likely. Here are some names that we will be watching today:
CGEN is in a very long TTM Squeeze on the daily with a nice rounding pattern forming. I like this on a pullback and hold of $13 for a push up to the sma200 at 14.50
JBLU is in a TTM Squeeze on the daily and consolidating nicely between the sma20 and vwap anchored to the November high. I like this on a pullback and hold of the sma20 around 14.60 for a push up to the mid $16s or higher
LPX is in a nice TTM Squeeze on the daily and consolidating along vwap anchored to the December high. I like this over that vwap at 38,35 for a push up to test the recent highs and potentially breakout
MESA is another airline in a nice TTM Squeeze setting up for a 3/8/20 cross. I like this over 6.60 for a push up to $8 or higher.