Watch List November 19th

Good Morning,

Yesterday we saw a market that took a long time deciding which way it wants to go before finally seeing a pretty steep pullback in the late afternoon. This saw the SPY come right down to about its daily ema8 which will be a big spot to watch today to see if buyers step in or not. This morning we are flat to slightly down in the indices as well as the VIX, and all eyes are on the jobless claims numbers at 8:30 AM Eastern. Overall the intermediate trend remains up, but we certainly could see some more pullback if we don't find support at the daily ema8. Here are a few names that we will be watching today:

FSLY is in a TTM Squeeze with a 3/8/20 cross up and trying to push through some anchored vwap resistance around the $81 level. I like this on a soft open that goes red to green for a push up to the mid to high $80s

CCL is a beat up travel name that has also recently had an offering. I think this could make a very big move if it can pull up and over its sma200 and I'm interested in a small starter position for a longer term swing trade on a push over $18

AAL is another beat up get back out there name that is showing signs of recovery. I like this over $13 for a test of the sma200 and possible push much higher

SDC is one that gave us a fantastic day trade in the room yesterday, and I still like this name on a soft open that goes red to green today

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