Yesterday we saw a bit of everything with a big gap up for all the indices, some intraday pullbacks, and a bit of a rally late. The action speaks to the volatility we are in heading into tonight's election, and today we are looking at another large gap up and could be looking at some high wave chop into tonight. I'm not interested in taking on any new swings into the election tonight, but I do have a list of names that i will be watching for swing trade in addition to our normal Gn'R watch list.
GRPN had a rough September and is now basing nicely in a TTM Squeeze as it heads into earnings on Thursday after the close. I like this over its daily sma20 at 20.25 for a push up to towards $21
BKE has a nice double top at the $25 area in a TTM Squeeze. I like this over $25 for a push up to $26 or higher
KEY is taking out its sma200 in a nice TTM Squeeze. I like this over 13.50 for a push up towards $14
RAD is in the retail pharmacy sector which is very beat up but bouncing on news that they will likely be involved in any Covid 19 vaccination effort. I like this over yesterday's high for a test of $10 and possible push higher
FB is a name I will be watching short on any signs of market weakness. I would look for short entry on rejection at pm high or on a 260 break in a market pullback
PLTR gave an inside day yesterday. I like this over Friday's high of 10.68 for a test of $11 and possible short squeeze over this level