Watch List June 4th

Good Morning,

Yesterday we saw a gap down day for the major indices, and the SPY tested and held its daily sma20 and bounced back a bit while still finishing red on the day. This morning we are pointing towards a flat open, but that could all change at 8:30 AM Eastern when the employment report comes out. We also saw continued volatility in meme stocks yesterday, and most of them gave back a decent amount of their gains in a rather choppy fashion. With today being a Friday, we will likely be pretty selective on any new swings, but we will be watching the following names:


APPS had a recent 3/8/20 cross up a nd has successfully back tested its sma20 with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to the $75 area


LAZR is in a sloppy inverse head and shoulders pattern with some very strong volume coming in the last few days with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a test of yesterday's highs and a possibly push to $30


SPCE is a heavily shorted name that is consolidating around vwap anchored to the February highs. I like this on a pullback to that vwap level around $30 for a push up to test the recent highs around $35


TSLA had a big drop yesterday on news of lower demand in China. It is bouncing in the premarket and is just below a key anchored vwap level around $583. I like this short it it tries to reclaim that level and fails








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