Watch List May 21st

Good Morning,

The market had a strong gap up yesterday and we are looking at a flat to slightly down open today as the SPY is approaching some huge spots with the sma200, the $300 level, and a gap fill just above. This remains a time to stay pretty small in size as we continue to chop around into what will probably be a bigger move but with a big question as to which way. Here are a few names that I will be watching today:

GLD I am very interested in on a pullback and hold of the trend line that it broke out over last week or even a pullback to the 163 area, and I will probably keep this on watch all week looking for this

GOLD is a gold miner I like on a pullback and hold of the sma20

CHWY is a name that I will be watching with an open mind. I like this long on a pullback and hold of anchored vwap support around 38 for a run into earnings, but I would also be interested in shorting a failed breakout attempt over the sma20

KHC gapped up over its sma20 Monday on heavy volume and since pulled back on light volume. I like this long on a pullback to the sma20 which is roughly the gap fill area as well for a push up to test recent highs and possibly break out

SEIC is in a very nice ascending triangle with the sma20 and anchored vwap lining up with the lower trend line of the triangle. i like this long off of support for a test of the breakout area around 53 and possible push higher

FEYE has seen a ton of unusual call sweeps the last few weeks and is consolidating nicely on the sma20. I also has nice trend line support. I like this off of the trend line just above the $11 price level for a move to recent highs around 12.50

OSUR just had a 3/8/20 cross down in a bearish looking TTM Squeeze. I like this short on a retest of the sma20 for a move down to yesterday's lows or lower

STAY is in the very beat up hospitality sector and is showing more strength in recovery than any other names in this sector. I like this on a pullback and hold of a key anchored vwap level around 10.35 for a push up to test resistance at 11.40

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