Watch List January 15th

Good Morning,

Yesterday we had a gap up and fade day for 3 of the 4 major indices and so far this morning we are pointing to a gap down for all of them. This morning we kick off the new earnings season with a number of the big banks reporting this morning, and those results could have a big impact on the market today. We also have opex today, which will likely give us some choppy conditions especially in the afternoon. Overall it will be a day to be pretty quiet and really focus only on A+ setups. We also have a holiday on Monday with the market closed. Yesterday we got caught in an offering in NNDM and took 1/2 off for a loss, but so far this is digesting the offering quite well and I am going to hold the rest for a potential move back up. I also took an overnight swing trade in GSM yesterday, and will look to sell that sometime in the first 1/2 hour of trading today. Last but not least I started a swing trade in MESA yesterday with a partial position and will look to add to that on any pullback to the 6.50 area with stops set on a close below below $6 with a target of $8 or higher. Here are some names that I will be watching today:


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


CAR is in a nice TTM Squeeze on the daily and I like this on a pullback to $37.50 for an eventual push up to $42 or higher


HPE is in a very nice TTM Squeeze on the daily and has been flagging along vwap anchored to the early December high. I like this on a pullback to 12.25 for a push up to $14 or higher


FLS in in a TTM Squeeze on the daily and is consolidating along its sma20 and a key anchored vwap level. I like this on a pullback and hold of that sma20 and would look for an entry in the 37 to 37.50 range for a push up to 42.50 or higher


NCLH is one of many get back out there names that look very attractive right now with a potential 3/8/20 cross setting up with a TTM Squeeze on the daily. I like this on a pullback to 25.50 for a long entry for a push up to $30 and possibly much higher






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