Watch List June 29th

Good Morning,

Yesterday we saw the SPY give us another day of choppy action until an afternoon ramp up into the close gave us another new all time high. This morning we are pointing towards a relatively flat open for the SPY and IWM and a bit of a gap down for the QQQ. Today is the last quiet day of the week as far as economic reports as we have the ADP Employment report coming tomorrow morning, initial jobless claims on Thursday morning, and the non farm payrolls report on Friday morning, which could all move the market. Overall the charts for the major indices remain constructive but somewhat ripe for a pullback or some choppy sideways action. Here are a few names that we will be watching today:


AES has been in a long consolidation and now has a recent 3/8/20 cross up with a TTM Squeeze on the daily. i like this on a pullback to 26.25 for a push up to test the April highs around $29


DGX has pulled back from its May highs and found support and now has a 3/8/20 cross up with a TTM Squeeze on the daily. It has also taken out vwap anchored to the May highs. i like this on a soft open that goes red to green for a push back up to the May highs


GPK has a nice 3/8/20 cross up with a TTM Squeeze on the daily with some room up to the May highs. I like this on a pullback to $18 for a push up to $20 or higher


QS is putting in a nice base after a long pull off of its December highs and has a TTM Squeeze on the daily with solid volume coming in. I like this on a soft open that goes red to green for a push up to $35 or higher


TSM is consolidating nicely along its sma20 and vwap anchored to the February highs in a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to 127.50 or higher











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