Watch List July 8th

Good Morning,

We had a bit of a pullback in the market yesterday, but in the grand scheme of things I would say that pull is just consistent with our idea that we could see a bit of a choppy period for the market in the coming weeks. This morning the major indices are relatively flat in the premarket and we will see how things shake out here. SPY $315 is a big spot I will be watching if the market shows any appetite to move up this morning and the ema8 around $312 will be an important spot to the downside if there is any further pull today. Here are some names that I will be watching today:


BA I still like on a cross of the sma20 around $185 for a push up towards $200


WEN I like on a soft open and then a move through $22 for a push up towards $24


MRNA pulled last week on news that there Covid-19 vaccine trial was delayed, but they are saying the delay won't be long and the stock is recovering. I like this over the sma20 at 62.50 for a push up to $68 or higher


CVET is building a nice base of anchored volume by price in a TTM Squeeze. I like this on a 19 break for a test of 19.50 and possible breakout higher


HAIN is in an ascending triangle with a nice base of anchored volume by price in a TTM Squeeze. I like this on a pullback to the lower trend line around 31.50 for a long entry


FB gave a strong move yesterday before fading in the afternoon with the market, and it is opening slightly red here on some news. If this dip gets bought and this one wants to go red to green I am interested in a small swing position

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