Watch List June 3rd

Good Morning,

Yesterday we saw a bearish inside day candle for the SPY meaning that the inside day was concentrated in the lower half of the previous days candle. This morning we are looking at a pretty good gap down in the major indices and a gap up in the VIX. All of that could change when some jobs numbers come out at 8:15 and 8:30 Eastern this morning, but for now it looks like the market is seeing some selling pressure. We also saw a number of individual names go into crazy short squeezes yesterday, and we could certainly see that trend continue today regardless of which way the market moves. With that, I will be looking for some names with good charts that are either highly shorted or former runners:


CRSR is a former runner that has a very long TTM Squeeze and made a nice move on volume yesterday. I like this on a soft open that goes red to green for a push up to $36 or higher


CVM is an awful company fundamentally but it fits the mold of high short interest and had a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to $28 or higher


FLWS is another former runner with heavy short interest and a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to test $35 and possibly move much higher


SPWR is another former runner with high short interest and a TTM Squeeze on the daily. I like this on a pullback to its ema8 for a push up to test its sma200 and possibly break much higher


TCS is putting in a nice inverse head and shoulders pattern with the shoulder line being a key anchored vwap level. I like it off of that level around 13.20 for a push up to $15 or higher








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