Watch List June 30th

Good Morning,

Yesterday we saw the SPY trade in a tight sideways range most of the day before finally fading a bit in the afternoon and the VIX put in a bit of a hammer candle with a yellow bar in a TTM Squeeze on the daily. The rest of this week we have a lot of economic numbers coming at us, and this could lead to some choppy conditions. Overall I still think the major indices look pretty good, but a pullback or some sideways consolidation would not be surprising at all here. Here are a few names that I will be watching today:


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 pullback closer to that vwap level and its sma50 around 131.50


JWN has a 3/8/20 cross up in a TTM Squeeze on the daily. I like this on a pullback to $36 for a push up to $40 or higher


LOW has a 3/8/20 cross up in a TTM Squeeze on the daily and took out vwap anchored to the May highs. I like this on a pullback and hold of that vwap level around $193 for a $200 test and possible push back up to the $210 area


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 pullback to its sma50 around $30 for a push up to $35 or higher


RSG is consolidating nicely around its sma20 and vwap anchored to the May highs in a TTM Squeeze on the daily. I like this on a pullback to $109 for a push back up to the May highs


TSLA fired long out of a TTM Squeeze last week but is finding resistance at vwap anchored to the high of year with a gap below. It looks like it will gap down this morning, and I like it short if it closes the intraday gap and fails to hold $680








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