Watch List March 3rd

Good Morning,

The market continues to be a bit choppy this week, which is not a bad thing if we stay around the SPY daily sma20 and comfortably above the SPY sma50. This morning we are getting a decent gap up, which could change with the ADP employment report at 8:15 AM Eastern or with ISM Services numbers at 10 AM Eastern. Overall we will continue to be cautiously long biased here and manage our risk carefully through smaller position sizes. Here are a few names that we will be watching today:


SOLO from yesterday's wl I still like if it continues to hold support at $6. Ideally this tests that levels today and holds for a very nice risk/reward entry


UA is taking out vwap anchored to the February highs and has multiple time frame squeezes on some lower time frames. I like this on a soft open that goes red to green for a $20 test and possible move higher


AXTA is consolidating around vwap anchored to the January highs and has a TTM Squeeze on the daily. I'm interested long on a pullback to that anchored vwap level around 28.20 for a push up into the $30s


TCS is a get back out there name that is starting a TTM Squeeze on the daily and consolidating on a volume shelf along its sma20. I like this long off of the sma20 for a push up to the mid to high $18s


MYOV is a biotech name that has no immediate catalysts but does have a PDUFA date June 1st. it is consolidating nicely between two anchored vwaps, and I like it long on a pullback to the lower one around 21.50 for a push to the upper one at $24 and a possible breakout from there



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