Watch List March 31st

Good Morning,

Yesterday we saw some more crazy action on the indices with the SPY, DIA, and QQQ red but also a red VIX. Most of the day was very sideways until later in the session when the SPY rallied a bit only to give it all up into the close. It does seem that the hedge fund liquidation situation may still be unfolding, but it seems to be slightly less volatile than last week at the moment. Overall the daily charts on the indices still look constructive to me, but intraday chop remains a concern. We will have a busy rest of the week for economic numbers and events. We have the ADP employment report coming out today. The White House is expected to unveil their infrastructure stimulus plan today, and tomorrow we have jobless claims numbers as well as PMI and ISM manufacturing numbers. Friday the market will be closed, but we are scheduled to get non farm payrolls on Friday. Here are some names that we will be watching:


CFG is consolidating along vwap anchored to the recent highs and the sma20 in a TTM Squeeze on the daily. I like this on a pullback to those levels around 44.50 for a push to test recent highs around 47.50 and possibly break higher


CSIQ reclaimed its sma20 in a nice inverted head and shoulders pattern with a TTM Squeeze on the daily. I like this on a pullback to the 47.50 area for a push up to fill a gap around 52.50


NYCB is consolidating along vwap anchored to the recent highs and the sma20 in a TTM Squeeze on the daily and is building a nice shelf of anchored volume by price. I like this on a pullback to that vwap level around 12.40 for a push up to test the recent highs around 13.25 and possibly break much higher


CDXS is setting up for a 3/8/20 cross with a TTM Squeeze. I like this on a soft open that goes red to green for a push up to $24 or higher


WKHS is a beat up name that is putting in a bottom and trying to reverse. I like this on a move over the daily ema8 around $14 for a push up to test the sma20 at $15 and possibly push much higher


SPWR is a name from the weekly watch list that I will be watching closely today for a reclaim of the daily sma20












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