Watch List June 11th

Good Morning,

Yesterday we saw the market push to new all time highs early in the session and then pull hard and mostly recover. We also saw continued easing in the VIX which closed just above that $16 level which has been support but is getting tested here in the premarket. This morning the major indices are pointing towards a moderate gap up and we can probably expect some choppy action into FOMC next Wednesday and quad witch and S&P rebalance next Friday. Here are a few names that we will be watching today:


CDNS is setting up for a nice reversal and consolidating on its sma200 in a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up towards the gap that starts around $137


NNDM has reclaimed its sma50 and is setting up in a nice cup and handle formation. I like this long on a pull and hold of the 7.50 area for a push up to 7.50 or higher


SPWR is another name consolidating along its sma200 in a TTM Squeeze on the daily. i like this on a soft open that goes red to green for a push up to $29 or higher


ZM put in a nice daily candle yesterday taking out a key anchored vwap level around $339. I like this on a pullback to the $340 area for a push up to $360 or higher


PLBY pulled hard yesterday on pricing of an offering but found some buyers around the sma50 and vwap anchored to the March 30th swing low. I like this off of the sma50 for a push up to $50 or higher







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