Watch List June 8th

Good Morning,

Yesterday we saw an inside day for the SPY and this morning it looks like we may see a bit of a gap up for all of the major indices and a flat open for the VIX. We also continue to see many meme stocks make irrational moves and it looks like that trend may continue today. Overall we remain in an uptrend and on all time high resistance, and we will continue to stay long biased with smaller position size to manage risk. Here are some names that we will be watching today:


AHCO is setting up a nice inverse head and shoulders pattern with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to 28.50


BLUE is presenting data at a conference on June 11th and is looking ready to make a run up into that data. I like this on a soft open that goes red to green for a push up into the gap above into the conference. I will not hold through the presentation if I take this trade


CARA is another biotech name and they have a PDUFA date on August 23rd. The chart s beat up but has put in some bottoming action with a TTM Squeeze on the daily. I like this on a pullback to the sma20 for a push up to $15 or higher


CLNE has made a decent move on heavy volume the last few days and looks poised to continue that move. I like this on a soft open that goes red to green for a push up to $12 or higher


RUN is a beat up solar name that recently had a 3/8/20 cross u and is trying to hold that sma20 in a TTM Squeeze. I like this off of the sma20 around $43 for a push up to $48 or higher


SPWR is basically the same setup as RUN and I will be watching that one as well for a hold of the sma20


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