Watch List October 9th

Good Morning,

Yesterday we saw the market continue to grind higher on renewed optimism for a stimulus package. The SPY broke through some key resistance levels and the VIX eased off of its resistance and back down to its sma50. Overall the market looks to be pretty good, but there are a couple signs of concern. The QQQ intraday was just not acting very well yesterday, and that is something that we need to keep a close eye on today and into next week. It was also worth noting that there were some very unusual, large, and aggressive call sweeps in UVXY yesterday which is a volatility instrument and a potential sign for caution. Overall though, things look pretty positive for a continued move up if we don't have virus or stimulus news that kills the rally. Here a few names that I will be watching today:

MIK has been on watch most of the week and I continue to like this in the 10 to 10.25 range for a swing entry

CHWY I still like from yesterday's watch list and like this up to $59 for entry for a move into the mid to high $60s

GOGO is in a nice consolidation and holding vwap anchored to the recent highs in a TTM Squeeze. I like this from 10 to 10.25 for a push up to $12

JD is in a nice TTM Squeeze and building a shelf of anchored volume for a move back to the September highs. I like this over $79 for a push up to $85 or higher

EXPE just broke some trendline resistance and vwap anchored to its September highs in a TTM Squeeze. I like this over $96 for a test of $100 and possible break much higher

LAUR gapped up last month and then faded before finding support and is now reversing back up in a TTM Squeeze. I like this over 13.60 for a push up to $15 or higher

SDC has a beautiful inside day yesterday in a TTM Squeeze. I like this on a soft open and red to green move for a test of this week's high and possible move up to $15

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