Watch List March 11th

Good Morning,

Yesterday was quite the day for the major indices with moves up down and all around which left a textbook doji on the SPY. This morning we are seeing all of the major indices up quite a bit although that could change at 8:30 AM Eastern when the jobless claims numbers come out. I want to be very patient at this morning's open and be sure not to chase a gap up open. It is also worth noting that the VIX has eased nicely over the last week, and the VIX TTM Squeeze is a bearish looking one for now. I will continue to keep a close eye on this for the next few days. Here are a few names that I will be watching today:


CARR has a nice 3/8/20 cross setting up with a TTM Squeeze on the daily. I like this on a soft open that goes red to green for a push up to $42 or higher


FDX has a nice rounding pattern set up with a TTM Squeeze as it heads into its earnings call next Thursday. I like this on a pull closer to its sma20 around $257 for a push up to the $275 area


GRBK reclaimed its sma50 and a key anchored vwap level in a TTM Squeeze on the daily. I like this on a pullback and hold of that anchored vwap level around 21.25 for a push up to $24 or higher


JHG is in the financial sector which has been very strong as of late. It just had a 3/8/20 cross up and reclaimed a key anchored vwap level with a TTM Squeeze on the daily. I like this on a pullback and hold of that anchored vwap level for a push up to $35 or higher


RTX is consolidating nicely around vwap anchored to last month's high in a TTM Squeeze. I like this on a pullback to that anchored vwap around $75 for a push up to test $78 and possibly move much higher


TWNK is consolidating nicely around vwap anchored to the January high and has great seasonality in March where it is green 83% of the time. I like this on a slight pullback to $15 for entry for a push up to the mid $16s


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