Watch List May 14th

Good Morning,

The market some some relief yesterday and it looks like we will see another gap up open this morning and potentially some more relief. We need to be aware that we could see bear flags form here for the indices, but for now we are seeing a decent bounce and the SPY may test its daily ema8 today and it wouldn't take much to see a back test of the sma20 that it lost earlier this week. The VIX saw some easing yesterday and is back under its sma200 and the $25 level for now. We are far from out of the woods in this pullback especially for the QQQ and IWM, but the SPY price action is certainly worth watching here. Here are a few names that we will be watching today:


GOGO from the weekly watch list is still interesting here if the market holds up


MDRX has been rounding nicely along its sma20 and vwap anchored to the February highs in a TTM Squeeze on the daily. I like this on a pullback to 16.25 for a push up to $18 or higher


PAGP is and the name that is rounding nicely since its January highs and has a TTM Squeeze on the daily. I like this on a pullback to $10 for a push up to $11 or higher


STNG is in a huge rounding pattern along its sma20 and has a TTM Squeeze on the daily. I like this on a pullback to 19.50 for a push up to $21 or higher


TSLA is a name that I am still interested in short on a failed attempt to reclaim $600 for a push back to $580 or lower



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