Watch List May 27th

Good Morning,

Yesterday we saw an inside, tight range day for the SPY and the QQQ and this morning we are pointing towards a moderate gap down as I type at 7 AM Eastern. That could all change with the jobless claims and GDP numbers coming out at 8:30 AM Eastern, which probably need to be just right for the market. A miss or even a big beat might make the market nervous about either the strength of the economy or the potential for inflation and rising rates. Overall I remain cautiously optimistic about the SPY and QQQ charts which are getting a 3/8/20 cross back up for now , but any sharper pull today could negate that. Here are a few names that I will be watching today:

COOP is consolidating nicely along its sma20 and just above its year to date anchored vwap. I like this on a pullback to its sma20 around 33.50 for a push up to $37 or higher

EXPE from yesterday I still like off its anchored vwap level around $173 for a push to $187 or higher

SAVE is back into a TTM Squeeze and has a nice shorter term inverse head and shoulders with some room up if it can get through vwap anchored to the March highs. I like this on a pullback to the sma20 around $35 for a push up to $40 or higher

TIGR has made a strong 2 day move on heavy volume and has some clear air above it it can push a little higher. I like this on a soft open that goes red to green for a push up to $27 or higher

BYND has made a multi day move off of a bottom and is running into vwap anchored to its IPO which could be some tough resistance. I like this short on a gap up that goes green to red for a pull down to its sma20 around $114

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