Watch List January 21st

Good Morning,

Yesterday was quite the day for the market as we gapped up and had a big upside breakout to a new all time high. This morning we are seeing a moderate gap up as I type at 8 AM Eastern, but that could change when the jobless claims numbers come out at 8:30 AM. We are also seeing continued easing in the VIX, which continues to be in a TTM Squeeze that wavers back and forth between bullish and bearish momentum. Overall we remain long biased but always cautious with position size when on all time highs. Here are some names that we are watching today:


AHCO is consolidating nicely in a TTM Squeeze on the daily as its builds a nice shelf of anchored volume by price for a push higher. I like this on a pullback to its sma20 around 37.35 for a push up to test $40 and possibly break much higher


CSCO is trading in a very tight range in a TTM Squeeze and looks ready to make a move into its earnings report on February 9th. I like this on a pullback to $45 for a push up into the gap above


UAL reported earnings yesterday and is down on a disappointing report. I like this on a test and hold of its sma20 for a move back up into the gap and possible breakout if we get positive vaccine news from JNJ


TCOM made a nice move on volume yesterday to reclaim a key anchored vwap level in a TTM Squeeze. I like this on a back test of that vwap level around 34.25 for a push up to $37 or higher


INN is in a TTM Squeeze on the daily and setting up for a 3/8/20 cross with a very nice shelf of anchored volume by price. I like this over $9 for a push up to $10 or higher







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