Watch List January 8th

Good Morning,

Yesterday we saw the market push up for a new all time high close for the SPY and this morning we are looking at a modest gap up but that could change with the employment report at 8:30 AM Eastern. Also this morning we have been able to take some nice profits on the ENG overnight swing trade. If you have not watched the video lesson on overnight swing trades, please be sure to do so as we will be doing more of these as long as the VIX stays down below 30. Overall the market remains in a nice uptrend and is right back on all time high resistance which has be long biased but managing risk through smaller positions size. Here are some names that we are watching today:


COTY is consolidating very nicely along its sma20 and vwap anchored to the November highs. I like this on a pullback to the 6.75 area for a swing entry for a push up to $8 or higher


ALT is rounding nicely in a TTM Squeeze. I like this on a soft open that goes red to green for a push up to $16 or higher


AMD made a strong move yesterday in a TTM Squeeze. I like this on a pullback to a key anchored vwap level around 93.50 for a swing entry for a push up to test $100 and possibly break higher


NETE made a huge move on volume last week and has eased since and is rounding back up. I like this on a soft open that goes red to green for a push up $16 or higher



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