Watch List July 21st

Good Morning,

Yesterday we saw quite the turnaround in the major indices with all of them gaining back what they lost on Monday and working their way into last Friday's candles. This morning we are seeing a bit of a mixed picture with the IWM and SPY green but the QQQ flat to slightly red. Overall the evidence still points to this being a pullback in a still intact uptrend, and we will continue to treat it that way until it proves otherwise. Having said that, it is important to note that the pullback may not be over. Here are a few names that we will be watching today:


HNST is a relatively recent issue that is setting up for a 3/8/20 cross on the daily with a TTM Squeeze. I like this on a move over $15 for a push up to 16.50 or higher


HSIC has been flagging nicely after a strong run from March through May and has a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a run up into their earnings on August 3rd


TWOU has a nice cup and handle 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 fill the gap at $48 and possibly push higher


UPST is a name that I like short on a failed attempt to reclaim the sma20 around $120 for a push down to test their recent lows around $108


XM reported earnings last night and is gapping up right into vwap anchored to the IPO date. I like this short if it fails to take out that level early for a move down to $36 or lower







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