Watch List May 7th

Good Morning,

Yesterday the market trade largely sideways all day before a pretty sharp pullback in the afternoon. So far this morning we are right back where we started yesterday with what looks like a big gap up for now. That could all change at 8:30 AM Eastern when we see the jobless claims numbers, and we will just have to wait and see how the market digests these numbers once they come out. Either way I have a list of some long and short setups ready to go:


BZUN has a 3/8/20 cross down in a TTM Squeeze. I like this short on a test of its ema8 that holds as resistance


CROX I like this long over yesterday's high of 23.07 for a push up to $25 or higher


DNKN I like this long on a pullback to its ema8 that holds as support for a move up to $66 or higher


FATE has a 3/8/20 cross down heading into their earnings call next Monday. I'm interested in this short on a test of the sma20 that finds resistance for a fade down to $26 or lower into their er


SBUX is another name that is interesting to the short side after a 3/8/20 cross down. I would look for a test of the sma20 that finds resistance for a short entry with a target of the sma50 below


NTAP is a name that I like long on a pullback and hold of the sma20 for a push up to $45 or higher


WDAY is a setup very much like NTAP where I am looking for a pullback and hold of the sma20 for a long entry with a target around $158 or higher



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