Watch List November 17th

Good Morning,

Yesterday we had more vaccine news and another gap up day with a strong push up in the market. This morning we are pointing to a gap down in most of the major indices save for the QQQ which are looking at a modest gap up largely due to the TSLA gap up on news that they are being added to the S&P 500. We also are seeing the VIX up about 2.75% in the premarket, and that is something that we will be keeping a close eye on today and throughout the week. Overall the trend remains up for the market until proven otherwise, but we could be in for a choppy period here near all time highs. Here are a few names that we will be watching today:

PENN is in a sloppy inverse head and shoulders pattern and is just below a key anchored vwap level. I like it over that level around $67 for a push up to the recent highs around $75

AAPL from the weekly watch list is on watch for a bit more of a pullback which it may get today. I like this long in the 117.50 to 118.25 area but I don't want to buy on the way down. I want to see it find solid support

OMER is in a nice reversal pattern in a TTM Squeeze and I like this on a pullback to the 11.50 area for a long entry for a push up to the sma200 around 13.25

RUN is in a nice TTM Squeeze and finding support at a shelf of anchored volume by price in a much needed pullback after a huge run up. It is now setting up for a 3/8/20 cross up and I like this over 56.50 for a push up to the sma50 around $62 and possibly higher

GE had some very unusual and aggressive call sweeps that were deep in the money yesterday and although a bit extended would be very interesting to me if it fills the gap from yesterday and finds support

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