Watch List May 26th

Good Morning,

Yesterday we saw the SPY gap up and then fade all day, and this morning it looks like we are going to see another moderate gap up for the major indices and a gap down for the VIX. It will be a relatively quiet day on the economic calendar, but we could see some risk off this afternoon as we head into jobless claims and GDP numbers tomorrow morning at 8:30 AM Eastern. Yesterday the SPY and the QQQ tried for a 3/8/20 cross up but failed to follow through and we could see another attempt today which will be worth watching closely. Here are a few names that we will be watching today:


AMT reclaimed vwap anchored to its recent hihgs and has a 3/8/20 ross up with a TTM Squeeze. I like this on a pullback to $252 for a push up to test the recent highs and possibly break higher to fill a gap at $263


EXPE is consolidating nicely along its sma20 and vwap anchored to the March highs in a TTM Squeeze on the daily. I like this at $173 for a push up to test the recent highs around $187


SEAS is setting up for a 3/8/20 cross with a TTM Squeeze on the daily. I like this on a pullback to $53 for a push up to $58 or higher


SM continues to consolidate in a TTM Squeeze on the daily and I like this on a hold of the sma20 today around 17.35 for a long entry for a push up to $20 or higher


BLUE is a name that I will be watching closely from the weekly watch list





6 views0 comments