Watch List October 8th

Good Morning,

Yesterday the market recovered all of the losses from Tuesday and oved right back into a major resistance area, and we are getting a gap up again this morning which has us trying to get through the top end of the resistance area in the SPY around $343. Overall the charts continue to look constructive for market bulls here if we can get through this zone. It also looks like JMIA is going to give us a nice gap up this morning. If it holds up where it is into the open, I will likely take a trim shortly after the open and still hold a good portion for a possible test and break through the $9 level in the equity. Here are a few names that we will be watching today:

MIK closed over the key anchored vwap level yesterday and looks ready for a bigger breakout. I like this up to 10.25 for a push up to test $11 and possibly break higher

CHWY had a nice inside day yesterday in a TTM Squeeze just below vwap anchored to the September highs. I like this over that vwap level at 58.07 for a push up to $65 or higher

SFIX took out a key anchored vwap level and looked primed to go back to test the September highs. I like this on a soft open and red to green move for a push up to $32

DKNG had an offering priced yesterday and was able to hold its daily sma20 and a shelf of anchored volume on the gap down. If it can continue to do that today I like this for a small position swing trade for a move back up to the recent highs

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