Watch List March 10th

Good Morning,

Yesterday we saw some recovery for the SPY and especially for the beaten down QQQ and a very nice easing in the VIX, but we did see some of these gains given back late in the session. This morning we are pointing to a flat open for now, although that could change when the CPI numbers get reported at 8:30 AM Eastern. This is normally not a huge deal but with all the inflation concerns the market has has recently, it will likely be watched very closely and could move the market a bit. The SPY reclaimed its sma20 yesterday but barely held on to it, and that is going to be a very important spot to watch today. Overall yesterday checked some boxes for the bulls, but we are still not out of the woods. Here are a few names that we will be watching today:


FIZZ is a tricky trader, but it is setting up a nice 3/8/20 cross up with a TTM Squeeze. I like this on a soft open that goes red to green for a push up to $60 or higher


JWN is a get back out there retail name which is consolidating nicely along its sma20 and a key anchored vwap level in a TTM Squeeze. I like this on a pullback and hold of that anchored vwap level around 36.50 for a push up to $40 or higher


TCS is another get back out there retailer that is building a very nice shelf of anchored volume by price with a TTM Squeeze on the daily. I like this on a pullback to the $16 to 16.50 area for a push up to $20 or higher


UPS is consolidating nicely in a volume shelf along its sma20 with a nice TTM Squeeze on the daily. I like this on a pullback to its sma20 for entry for a push up to the $175 area


I also still like BBBY from yesterday's watch list if it can give us a pullback for entry

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