Watch List March 26th

Good Morning,

We saw some much more constructive action on the market yesterday with all of the major indices absorbing some pullback and pushing higher. We also saw a pop and then significant easing in the VIX. These are some encouraging signs, but we are out out of the woods yet. It would be great if we could see some follow through today or early next week in the major indices, and I will be looking for signs of that as well as for signs that it may not happen. We are seeing a little rise in the 10 year yield this morning, and it will be important to see if the overall market can deal with that if it continues to rise. I will continue to look for opportunities to the long side with very small size, and if I add much more risk I will likely look to put on a hedge or two as well. Here are some names that I will be watching today:


CCK has a very nice consolidation along its sma20 and vwap anchored to the February high with a TTM Squeeze on the daily. I like this on a pullback to the sma20 around $97 for a $100 test and possible break much higher


DEN from yesterday's list continues to consolidate very nicely in a TTM Squeeze on the daily


F which I'm in already I am looking to add on any pullbacks


KO from yesterday's list I still like a lot if it offers a pullback for entry


TGH has a very nice consolidation along its sma20 and vwap anchored to the February high with a TTM Squeeze on the daily. I like this on a pullback to the sma20 around 26.50 for a push up to test the recent highs and possibly break much higher


If the market gets very sensitive to the 10 year yield I may look to add TLT puts or XLE calls as a potential hedge against rising rates







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