Watch List July 27th

Good Morning,

Yesterday the market continued to push up to new all time highs, but this morning we are seeing a bit of a gap down in the SPY with a gap up in the VIX. The FOMC meeting starts today and tomorrow we will see the rate decision and more importantly Fed Chair Powell's presser in the afternoon. Overall the market remains strong but we could be in for some volatility at all time high resistance in the next few days. Here are some names that we will be watching today:


AEP made a big push off of its sma200 the last few days and is in a larger rounding pattern on the daily. I like this on a soft open that goes red to green for a push up to $90 or higher


FDX is gapping down this morning in sympathy to UPS earnings but I think this could be a nice buy in the $290 to $291 region for a push up to $305 or higher


GPRE has a nice TTM Squeeze on the daily as it heads into earnings next Monday. I like this on a soft open that goes red to green for a run into earnings


STLD is setting up for a 3/8/20 cross back up with a TTM Squeeze on the daily. I like this on a pullback to its sma20 around 60.10 for a push up to $66 or higher



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