Watch List July 1st

Good Morning,

Yesterday we saw a pretty strong move up in the market, and the SPY came right up to its sma20 in the late afternoon before stalling a bit. The big question over the next few days is can it reclaim that sma20 and give us a 3/8/20 cross back up. This morning, the major indices are all gapping down slightly, and it will be important to see if the dip gets bought or not. It is also important to note that we have a very busy economic calendar today with PMI and ISM manufacturing numbers coming out this morning and the FOMC minutes coming out at 2 PM Eastern, and tomorrow we have even more data coming out with the jobless claims numbers and the non farm payrolls report both coming at 8:30 Eastern. Overall, its a time to be pretty quick and nimble in our trading and to book profits when we have them. Here are some names that I will be watching today:

APLS is trying to break some trend line resistance to the upside with a nice base of anchored volume by price to support it. I like this on a soft open and red to green move today for a push up to 36 or higher

MRNA is holding a key anchored vwap level and building a nice base of anchored volume by price for a potential move higher. I like this over $65 for a push up to $67 or higher

SPCE pulled pretty hard last week and back filled a gap and lost a key anchored vwap level around 16.50 I like it on a reclaim of 16.50 for a push up to $18 or higher

LSCC is just starting a TTM Squeeze in a very nice ascending triangle pattern. I like this on a soft open and a red to green move for a potential break out of the triangle for a day trade or on a pullback and hold of its sma20 for a potential swing trade

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