Watch List June 23rd

Good Morning,

Yesterday we saw some more recovery for the market with the QQQ making a new all time high and the SPY getting within striking range of one. We also saw continued easing in the VIX although we are noting that the VIX is still in a bullish looking TTM Squeeze for now. Today we have 3 Fed speakers and tomorrow morning we have jobless claims numbers as well as GDP at 8:30 AM so we could see some risk off this afternoon ahead of that. Overall the market remains in an uptrend that is seeing dips get bought, but as we get to all time high resistance, we always want to keep our position size smaller to protect ourselves in a pullback. Here are some names that we will be watching today:


ADSK has been holding its sma200 and consolidating around its sma20 and vwap anchored to the January highs. I like this on a pullback to its sma20 for a push up to $300 or higher


BMBL I like for a swing trade on a pullback to the sma50 or for a day trade on a soft open that goes red to green


ICE is setting up a nice rounded reversal with a TTM Squeeze on the daily and a recent 3/8/20 cross. I like this on a pullback to the $113-114 area for a push up to $122 or higher


KMX had a recent 3/8/20 cross up with a TTM Squeeze on the daily and is breaking some trend line resistance as it heads into earnings on Friday morning. I like this on a soft open that goes red to green for a quick run into earnings on Friday and will not hold through earnings if I take the trade


PUBM had a recent 3/8/20 cross up with a TTM Squeeze on the daily and is setting up for a move up to test vwap anchored to its IPO date. I like this on a pullback to $35 for a push up to $39 or higher


STNG is in a huge cup and handle pattern with a TTM Squeeze on the daily and an old gap to fill above at 26.25 I like this on a pullback to the sma20 for a push up into the gap


NNDM has been consolidating nicely just above its sma200 and is starting a TTM Squeeze on the daily. I like this on a pullback to its ema8 around 7.80 for a push up to test an anchored vwap level at 8.50 and possibly move much higher





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