Watch List July 9th

Good Morning,

We saw the SPY open up, push up, pull hard, trade sideways, and then rally late for a modest green day for the market. This morning things are pretty flat heading into the jobless claims numbers at 8:30 AM. Overall we are still trading in a range roughly between 298 and 318 and it will be important to see if the SPY wants to break out of that range in either direction. Here are some names that I will be watching today:

MRNA I like over its sma20 at 62.50 for a push up to test some resistance around 67.50 and possibly break higher

CVET is in a nice ascending triangle with a large shelf of anchored volume by price for a potential breakout. I like this on a soft open to get long at 19 for a test of the upper trend line at 19.50 and possible breakout

HAIN is in an ascending triangle in a TTM Squeeze and I like this on a pull back and hold of the lower trend line to get long

ADI is another ascending triangle in a TTM Squeeze. I like this on a pullback and hold of the ema8 around $122 for a push up to recent highs around 127.50

ON is in the strong semiconductor space and is seeing accumulation ust above its sma200 in a TTM Squeeze. I like this on a 20 break to test recent highs around 21.50 and possibly break higher

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