Watch List January 28th

Good Morning,

Yesterday as expected we saw some volatility around the FOMC announcement and press conference and we saw quite a pullback in the major indices. This morning we are pointing towards a moderate gap down in 4 of the 4 major indices with the IWM being the exception that is green in the premarket. We have jobless claims numbers at 8:30 AM Eastern that could change all that as well. Yesterday we were able to take some very nice profits on SDC as well as on AAL calls, and today I will be looking to buy another get back out there name ahead of the potential JNJ vaccine news next week. Here are some names that I will be watching:

NCLH is down to a lower anchored vwap area that has been support the last month or two and is in a TTM Squeeze. I like this from 23.50 to 23.75 for a long entry into next week with potential JNJ news

WYNN is another get back out there name in a TTM Squeeze that is testing some support at the $100 level. I like it on a hold of that level for a move up on JNJ news next week

CAR made a huge move yesterday and gave it all back. I like this on a flat or soft open today for a push back to yesterday's highs on JNJ news

CAKE is a heavily shorted get back out there name that had an offering this morning that is getting bought up for now I like this on a soft open that goes red to green for a push up to $60 or higher

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