Watch List June 16th

Good Morning,

We had quite the intraday reversal yesterday in the market where we saw a gap down open that got bought up slowly and surely and then aggressively when the Fed announced more corporate bond buying. This morning we are seeing a gap up, and the SPY is now into the island gap above which is a critical spot to get through for any long biased traders. I will also be keeping a close eye on the VIX today to see if it is able to hold its sma50. Here are some names that I will be watching today:

AIMT is in a nice TTM Squeeze on the daily and broke out of a pennant recently. I like this over $19 for a $20 test and possible break higher

FIVN pulled off of recent highs and held its sma50 and is now trying to reclaim its sma20. I like this on a clean 3/8/20 cross up for a push back to recent highs and possible break higher

INSM has been holding its sma20 nicely heading into a Phase 2 data release on June 24th. I like this on a small pullback or even a red to green move for a push up towards $30 into the data

SAGE is a beat up biotech name that is in the process of a reversal. I am interested in this on a soft open where I can get long around $37 for a push up to $40 or higher

UPWK is in a nice TTM Squeeze and briefly lost its sma20 and is now trying to reclaim it. I like this over 12.50 for a push up to the $14 area or higher

WING lost its sma20 and held its sma50 very well and is now looking to reclaim the sma20 in a TTM Squeeze. I like this over 120.50 for a push up to $125 or higher

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