Watch List November 6th

Good Morning,

The market had another strong day yesterday, but we did find some resistance at a key trendline which can be seen at this link https://chrt.biz/SPY/63006823ct/chart/ This morning we are seeing a bit of a gap down, which is not all that surprising considering how far and how fast we moved up the last few days. As I type we still do not have a clear winner in the Presidential election, and there are no some questions about the balance of the Senate which could impact the market. Last but not least we have the employment report coming out at 8:30 AM Eastern and that could also move the market up or down depending on how that turns out relative to expectations. Overall today I will still be focused on day trade heading into the weekend, but I am hoping that we will be back into a better swing trade environment very soon. Here are some names that i will be watching today:


DKNG made a nice move over its sma20 yesterday, and I like this today on a soft open that goes red to green for a push up to the $45 area


RAD made a nice move yesterday in a TTM squeeze and has some more room up. I like this on a soft open that goes red to green for a push up to 10.60


TUP made a great move yesterday off of vwap anchored to its earnings day gap up and I like it today for continuation. I will be looking for a soft open that goes red to green for a push up to 34.50 or higher


PLTR had a high volume breakout yesterday and I like this today over yesterday's high for a push up to $13

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