Watch List November 11th

Good Morning,

After the big gap up day for the SPY on Monday, the market took a bit of a breather yesterday with a gap down day that finished the day with a doji candle on the daily chart. This morning we are looking at a pretty good gap up, but I do have some concern that we may have quite a bit of overhead supply from Monday. Again today I will be looking to see if there is any rotational trends in the get back out there names and the tech sector, and I will try to find trades that go with the trend. Here are some names that I will be watching:

JWN is a get back out there name that made a big move yesterday and I think it could continue today on a soft open that goes red to green. Worth noting that this has almost 50% short interest

CAKE is another get back out there name that gapped up big on Monday and held its vwap anchored to the gap up yesterday. I like this on a soft open that goes red to green for a test of yesterday's highs and possible push much higher

UPWK from the weekly watch list has pulled back a bit along with the tech sector, but it remains very interesting if we see any movement back into the sector. I like it over $28 for a push up into the $30s

WIMI is another tech name from the weekly watch list that has pulled back. I like the risk reward on a $6 break for a push back up to recent highs around $8

AGNC had a strong push up and away from its sma200 in a TTM Squeeze. I like this on a soft open that goes red to green for a push up to fill a gap in the high $16s

I will also be watching TSLA short if it finds resistance in the $418 to $420 range and will be keeping an eye on BA long if it can hold the $190 level on a pullback

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