Watch List July 22nd

Good Morning,

Yesterday we saw the major indices show some continued resilience with the SPY and the QQQ both getting nice pushes up off of their sma20. We also saw some continued easing in the VIX. This morning we are pointing towards a moderate gap up open for the SPY and a moderate gap down in the VIX, but that could certainly change when jobless claims numbers come out at 8:30 AM Eastern. Overall we remain in an intact uptrend that is trying to digest a pullback. Here are a few names that we will be watching today:


BCRX is consolidating nicely along its sma20 and vwap anchored to the June highs in a TTM Squeeze on the daily. I like this on a pullback to that anchored vwap level around 16.35 for a push up to $18


GLBE is a relatively recent issue that has been very strong and is starting a TTM Squeeze on the daily. I like this on a pullback to its sma20 for a push up to the recent highs and possibly higher


NIO has been showing a lot of strength the last few days after a pretty sharp pullback. I like this on a soft open that goes red to green for a push up to test the $50 level


REGI is in a longer and shorter term rounding pattern with a TTM Squeeze on the daily. I like this on a pullback to $65 for a push up to $73 or higher


I have AAPL and UPST on side watch to the short side if this market bounce shows any signs of running out of steam







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