Watch List June 5th

Good Morning,

The market took a little breather yesterday with a slight pullback, and so far today it's looking like that's all it was - a little rest. That could all change when the employment report comes out at 8:30, but for now the market is pointing towards a strong gap up open, which has the SPY right into a major resistance area at $314. This is a very tricky spot here for the market, which has shown a ton of strength and resilience in this rally off the lows. We continue to push higher, but we are seeing some tricky rotation in and out of sectors as we do it. For swing trading, I continue to focus more on long setups, but I am keeping position size very light as we are getting a bit extended on this rally. Here are some names that I will be watching today:

SDC took a bit of a rest yesterday along with the market, and I still like this one to push up towards the $10 level. I am interested in a long entry on a pull and hold of the $8 to 8.25 area

RAD is in a pennant formation with nice TTM Squeeze on the daily. I like this over yesterday's high of 14.08 for a push up to the mid to high $15s

SPCE is also in a pennant and I like this over the 16.25 area that was a resistance area yesterday to go test the upper trend line around $18 and possibly break higher

AIMT is another pennant formation in a TTM Squeeze on the daily. I like this over yesterday's high of 18.07 for a push up to $20

INSG is from he weekly watch list and lost the $10 level but for now is still holding a higher low in its pattern. I like this on a move back over its sma20 around 10.30 but would also consider a small starter on a move back over $10

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