Watch List July 31

Good Morning,

Yesterday we saw the SPY pull back to and hold the sma20 on the daily, and last night all the big tech names reporting had a nice beat and we are seeing a gap up this morning. Overall I think we remain in an uptrend that is trying o work its way through a resistance area. I think a push over last week's highs in the coming days would do more to confirm this view. Having said that, we could still see some more chop ahead which is always tough on swing trades. We will continue our approach of taking selective shots in smaller size until we get up through this range. Here are a few names that I will be watching today:


PTON I almost pulled the trigger on a swing yesterday and unfortunately did not. I do still like this for a day trade on a move over $67


SNAP from yesterday's list I still like short if it tries $23 and gets rejected


PLAY gave an inside day yesterday and looks ready for a nice move here in a TTM Squeeze. I like this over 13.50 for a push up to $15


APPS I like on a soft open and red to green move for a swing into their earnings report next week


ICPT is a beat up name that has been forming a base and looks ready for some recovery in a TTM Squeeze. I like this over $47 for a push up into the low $50s


PBYI is in a nice TTM Squeeze on the daily and had a strong move on volume yesterday. I like this over yesterday's high of 10.55 for a push up to $12


WW from the weekly watch list I like if I can get an entry around $26 for a run into earnings after the bell next Tuesday












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