Watch List July 16th

Good Morning,

Yesterday the SPY pushed right up to some major resistance and couldn't quite get through. We are looking at a moderate gap down this morning, and it will be very interesting to see if the dip gets bought this morning. I think a hold of 320 early would potentially lead to a gap fill, and I will be watching that spot closely. I will also be watching the VIX closely to see if it holds green and wants to test the 30 level this morning. We booked some very nice profits yesterday in AZN and FENC, and Justin will be looking to probably book some more today in FENC and ADMP. Here are some names that we will be watching today:


LULU I like today if it tests and holds its sma20 on the daily


CGC I like on a soft open and a red to green move for a push up to $20 or higher


CROX is building a nice base of volume for a potential move higher. I like this on a pullback and hold of the $36 area for a push up towards $40


ERI is in a tight pennant around its sma200 in a TTM Squeeze. I liek this over 442 for a push up to $45 or higher


GRMN is in a beautiful ascending triangle building a nice shelf of anchored volume by price. I like this on a pullback and hold of the 98 to 98.50 area for a test of $100 and potential major breakout


GT had a strong move yesterday on volume. I like this on a soft open and red to green move for a push up to $11 or higher



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