Watch List July 24th

Good Morning,

The market saw some pullback yesterday and appeared to hold the daily ema8 while the VIX found resistance at its sma200. This morning it looks like both of those levels will be breached, and it will be very interesting to see how things look at the close with regard to these levels. If the SPY can't regain the ema8, then we do need to be concerned about a pullback and test of the sma20 below around 316.50 Overall I will be very patient on a Friday and my first priority will be managing my existing positions which are both intact. Here are a few names that I will be watching today:

SONO I like on a move over $17 for a test of yesterday's highs

AAL moved up on earnings yesterday, and I think there is a ton of bad news already priced in here. I like this over the daily sma20 at 12.13 for a push up to 13.50 or higher

NWBI is a regional bank that is showing some sign s of a reversal in a TTM Squeeze. I liek this on a soft open and red to green move for a potential push up towards $11

WDC is in a nice TTM Squeeze and had a strong move up on volume yesterday. I like his on a soft open and red to green move today for a push up toward sits sma200

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