Watch List January 6th

Good Morning,

It's been quite an interesting overnight session for the futures and an interesting premarket for the major indices. It's looking like both of the GA Senate runoff races were won by the Democratic candidates, which means they are going to have a very slim majority in the Senate. The market is not quite to sure how to digest this news as we are seeing a huge gap up in the IWM, a big gap down in the QQQ, and a relatively flat SPY. This is a morning where I am going to give the market lots of time to settle in before getting too active. Yesterday I took an overnight swing trade in TLGT which is down a bit in the premarket. I will be holding this into the open and likely give it no more than 30 minutes max to recover and move up. If you haven't watched the video on overnight swing trades, please be sure to watch this as I plan to get more active with these again https://www.thetraderspath.com/post/peter-s-lesson-on-overnight-swing-trades Here are some names that I will be watching today:


WKHS from yesterday I still like on a pullback an hold of the sma20 for a swing trade or I would be interested on a break of yesterday's highs for a day trade


CROX reclaimed its sma20 in a TTM Squeeze yesterday. I like this on a soft open that goes red to green for a push up to test recent highs around $67 and possibly break out much higher


CYRX recovered nicely from its pullback last week and is in a nice TTM Squeeze. I like this on a soft open that goes red to green for a push up into the gap above


PEIX made a nice move up off of critical support yesterday and took out its sma20 in a TTM Squeeze. I like this on a soft open that goes red to green for a push up to the mid $7s or higher



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