Watch List July 9th

Good Morning,

Yesterday we saw some pullback in the SPY with a pretty big gap down open that opened below the ema8 and then closed just above it. This morning the futures are pointing towards a gap up open for the SPY and a pretty good gap down for the VIX. Overall the SPY daily chart still looks constructive, and a bit of a pullback is not a bad thing at all. Here are some names that we will be watching today:


BJ is consolidating nicely along its sma20 and vwap anchored to the May highs in a TTM Squeeze on the daily. I like this on a pullback closer to the sma20 for a push up to test the May highs


PATH is a recent issue that is trying to put in a double bottom with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for push up to test vwap anchored to its IPO around 71.50


SBUX is showing some relative strength in what has been a relatively weak week for the market. i like this on a pullback to the ema8 around 114.70 for a push up to $120 or higher


SNOW is putting in a nice inverse head and shoulders pattern with a TTM Squeeze on the daily. l I like this on a soft open that goes red to green for a push up to $260 or higher









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