Watch List July 19th

Good Morning,

We are making our daily watch list free this week to subscribers to our weekly watch list. This morning we are seeing a lot of selling pressure in the premarket and it will be important to see if this dip gets bought or if we see any sort of stronger pullback. In particular today I will be watching the sma20 for the SPY which we are losing in the premarket, but I am more interested in where we close relative to that sma20 today. I will also be keeping a close eye on the VIX which is up over 16% in the premarket. Most importantly with the VIX I am watching to see if it breaks the pattern of lower highs that it has been in for almost a year. Depending on how things play out the weakness from Friday into today could be a buying opportunity or could be the start of a deeper pullback, and I will be patient and let things develop before getting aggressive in either direction. Here are a few names that we will be watching today:


CTXS is in a nice bottoming pattern with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to $125 area or higher


ICLR is setting up for a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a pullback to the $215 area for a push up to test the May highs around $230


NCNO has a 3/8/20 cross up with a TTM Squeeze on the daily. I like this on a back test of its sma100 around $64 for a push up to its sma200 around $70


UPST I like to the short side if it can't hold the $110 level with lots of room to the downside with targets at $100 and ultimately the $80 level


AAPL I like to the short side if it tries and fails to reclaim its daily ema8 around $145 for a move down to the gap around $137






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