Watch List November 18th

Good Morning,

After a little pullback day yesterday, the futures were mostly red overnight but have flipped green this morning and we are pointing to a moderate gap up in the major indices with the VIX easing again. The market continues to look strong on the daily chart and could easily push up to new all time highs, but there are still a few yellow flags out there suggesting we may see some pullback soon. I will remain long biased and watch the SPY and VIX very carefully if we do push to new all time highs for any other signs of a potential pullback. Here are a few names that we will be watching today:

PENN is one from yesterday's watch list that I still like over the key anchored vwap level right around $67

AAPL from the weekly watch list is giving a pullback on news this morning and I still like this long on a pull to the 117.50 area

SDC had an earnings dip that got bought aggressively yesterday, and I like this today on a soft open that goes red to green for a push up into the $11s or possibly higher

RXT is a relatively recent issue that tested some solid support at 15.50 yesterday. I like this on a relatively flat open for a push back up to the $18 area

BLDP is starting a TTM Squeeze and has recalimed a key anchored vwap level. I like this on a pullback and hold of the 16.75 to $17 area for a push up towards $20

CSIQ is building a beautiful base of anchored volume by price for a push higher. I like this on a soft open that goes red to green for a push up towards $45

NKTR is in a nice reversal pattern with a TTM Squeeze. I like this over 17.60 for a push up to $19 or higher

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