Watch List October 13th

Good Morning,

Yesterday we saw quite the gap up and go day on the market despite a VIX that was slightly green and a VXN (VIX of the QQQ) that was very green. This morning we are seeing a bit of a mixed picture as the QQQ is pointing to a big gap up while the SPY is flat to slightly green. We will be giving the market some time to settle in this morning to get a better sense of overall market direction before making any new trade decisions, and we will be keeping a close eye on volatility to see if it gives us any hints as to a direction. Here are some names that we will be watching today:


MIK off of the weekly watch list was one of very few names that gave a pullback yesterday. If this can move back over 10.10 I would be interested in a small starter position long


SFM is the only other name off of the weekly watch list that gave a pullback yesterday, and if it can test and hold 21.50 today I still like this long


CZR off of the weekly watch list is right about where I want it for a short entry. Ideally I would like to see this gap up and then go green to red for a starter in puts


WDC is building a nice base of anchored volume by price and consolidating along vwap anchored to the August lows. I like this on a pullback to its sma20 around 37.50 for a trade up to the gap that starts around $41 and a possible push higher


VG has a very nice inverse H&S in a TTM Squeeze and just took out vwap anchored to the August highs. I like this on a back test of that vwap around 10.90 and then a move through $11 for a long entry for a push up to the $13 area


WWW is building a beautiful shelf of anchored volume by price for a move higher in a TTM Squeeze. I like this on a pullback and hold of the 27.50 area for a push up to $30 or higher







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