Watch List November 13th

Good Morning,

Yesterday we saw the major indices pullback a bit and the VIX spike, and this morning we are seeing the major indices pointing to a gap up and the VIX easing. There has definitely been a bit of a rotational game going on this week with sectors, but its been a challenge trying to figure out which sector is actually benefitting from this rotation as the direction seems to change on a dime. Overall it looks like the indices are in a consolidation and we need to keep an open mind as to which way this will resolve as we chop around a bit. Here are a few names that we will be watching today:


MYOV from our biotech catalyst watch list I like on any meaningful pullback although it doesn't look like I will get that opportunity today


CODX is in a nice TTM Squeeze and getting some attention as Covid 19 continues to trend in the wrong direction. I like this over yesterday's high of 15.55 for a push up to $17 or higher. Be aware that earnings are after the close on Monday so this would be a day trade or very quick swing


TUP is a recent earnings winner that pulled hard on the vaccine news Monday but then showed a lot of relative strength yesterday. I like this over $30 for a push up to test the post earnings highs around $34 and possibly break much higher


NET put in a very nice inside day yesterday as it consolidates after an earnings beat last week. I like this over yesterday's high for a push up to $70 or higher


ZI is setting up an inverse head and shoulders and it is reclaiming vwap anchored to its recent IPO date. I like this ideally on a soft open and red to green move but would also consider a move over yesterday's high of day for a push up to $48 or higher


Last but not least I have a couple of names on side watch. I like TSLA short on a retest of $415 that fails, and I like BA long if it can close above its sma200 at $180





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