Watch List October 1st

Good Morning,

Welcome to October and the final quarter of 2020. Yesterday we saw a gap up and go in the morning that was followed by some choppy action in the afternoon as we got varying news on a potential stimulus deal. This morning we have the jobless claims numbers at 8:30 AM, PMI Manufacturing numbers at 9:45, and ISM Manufacturing at 10:00 AM. For now the market is pointing towards a strong gap up, but a lot could change with the employment report. The market is also getting very close to a 3/8/20 cross up here, which if it confirms may give us some very nice opportunities on the swing trade side which has been very tough as of late. Here are some names that we are watching today:

DDOG what a move off of yesterday's list. I like this for continuation on a back test and hold of $100

WEN I still like on a back test and hold of the $22 area for a push up to $24 or higher

JMIA is building a very nice base of volume and setting up for a potential 3/8/20 cross in a TTM Squeeze. I like this over the sma20 at 8.15 for a push up to $9 or higher

BIDU is in a very nice pennant formation in a TTM Squeeze and trying to break out. I like this on a 127.50 break for a push up to the $135 area or higher

JD is setting up for a 3/8/20 cross while building a nice shelf of volume by price. I like this over $79 for a push up to $85 or higher

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