Watch List July 14th

Good Morning,

It was quite a day yesterday where we had a gap up and then strong push mid day in the major indices before a strong afternoon pull. This morning we are looking at a bit of a gap up, but I think a lot will depend on the conference calls of the major banks reporting earnings this morning. The VIX is down slightly this morning, but it is worth noting that it is still back above the 30 level, which continues to be a bit of a warning sign. Overall I think we need to be patient here to see if the market wants to keep pushing or if we may be heading back down towards the bottom of the summer range that we are in. A test of the daily sma20 on the SPY would tell us a lot if that happens in the coming days. I will mostly be focusing on the weekly watch list today, but will also be watching these names:

DVAX is a name that had unusual call sweeps last week and had some Covid-19 news this morning. If it doesn't run away in the premarket I like this on a move over yesterday's high of 9.20 for a push up to $10

DLTR had a nice reclaim of its sma200 yesterday, and I like this on a move over yesterday's high of 94.11 for a push up to $100 or higher

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