Watch List January 29th

Good Morning,

Yesterday we saw a pretty crazy day with all sorts of volatility around names that some brokers restricted trading in while also seeing a bit of a bounce in the major indices. This morning we are seeing a gap down in the major indices for now with the exception of the IWM which is flat. We are also pointing towards a gap up in the VIX this morning. Overall we have a pretty volatile situation heading into the weekend, and that warrants a bit of caution. My plan today is to focus mostly on day trades but to possibly look to pick up a get back out there name or two for possible JNJ vaccine news next week. Here are some names that I will be watching:

CAKE hit some strong resistance yesterday at $50 and sold off hard but it trying to hold the $45 level. If it can find some support early I'd be interested in a small position to hold into vaccine news next week

NCLH made a nice move in the premarket yesterday but the momentum was killed by the brokers who restricted trading in some heavily shorted names. I still like this today on a move over 24.50

CAR I like if it pulls back to test $40 and holds for a bounce next week on possible vaccine news

SAVE is another get back out there name that I like on a soft open that goes red to green for a push next week on vaccine news

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