Watch List June 10th

Good Morning,

Yesterday we saw a gap up that eventually faded pretty hard in the afternoon heading into this morning's jobless claims and CPI numbers. This morning we are pointing towards a moderate gap down on both of those numbers being a little bit worse than expected. Today our plan is to be pretty patient at the open to let the market really digest these economic numbers. Here are a few names that we will be watching:


CROX and PLBY are both looking interesting off of the weekly watch list


RIOT looks interesting after a 3/8/20 cross up with a TTM Squeeze. I like this on a soft open that goes red to green for a push up to $37 or higher


ARVL has back tested its sma20 a couple times this week and looks ready to move in a TTM Squeeze on the daily. I like this on a pullback and hold or reclaim of its ema8 for a push up to $22 or higher


TRIP is starting to put in a reversal after a long slow slide off of the March highs and has a TTM Squeeze on the daily. I like this on a pullback and hold of $42 for a push up to $46 or higher


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