Watch List June 24th

Good Morning,

Yesterday we saw the market put in a rangebound, choppy day until fading late on some Fed speaker comments. This morning we are pointing towards a gap up open as I type at 7:20 AM Eastern time, but that could all change with the jobless claims and GDP numbers at 8:30 AM. For now though, it is looking like a gap up that may have us testing all time highs on the SPY. We also continue to see easing in the VIX which for now looks like it will open well under the 16 level. Overall the charts look strong but we will continue to keep position size smaller as we sit on all time high resistance. Here are some names that we will be watching today:


NNDM made a strong move yesterday and took out vwap anchored to the September lows. I like this on a back test of that vwap level around 8.45 for a push up to vwap anchored to the January high around $10


PLTR made a move through vwap anchored to its all time high yesterday on strong volume. I like this on a back test of that vwap level around 25.20 for a push up to the $30 area


SPWR is consolidating nicely along its sma200 in a TTM Squeeze and looks ready to put in a bigger reversal move after a nice sideways consolidation. I like this on a pullback to 26.50 for a push up to $30 or higher


SSYS is setting up a nice inverse head and shoulders pattern in a TTM Squeeze. I like this on a pullback to the $25 area for a push up to $28 or higher


WKHS made a strong move a couple weeks ago and has flagged nicely since letting its sma20 catch up to the price action. I like this on a break of $16 for a push up to test the recent highs around $18 and possibly move higher


XL is beat up former runner that is putting in a nice reversal and another name that has allowed its sma20 to catch up to the price action which sets it up nicely for a next leg higher. I like this on a soft open that goes red to green for a push up to $10 or higher










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