Watch List September 17th

Good Morning,

Yesterday was quite the day as we had moves up, down, and all around heading into, through, and after the FOMC decision and presser before a big afternoon fade. We are looking at a gap down for now, although a lot could change when the jobless claims numbers come out at 8:30 This week remains a time to be very cautious until the SPY gives us a clear direction as it bounces around in a potential bear flag. Keep in mind that we have opex tomorrow and we have the potential for more very choppy action until the market picks a short term direction. Here are a few names that I will be watching today:

SAVE I still like this from yesterday's list and would consider a small swing position in calls on a soft open and red to green move

AAL is another airline that is interesting and saw huge call sweep activity yesterday. I like this on a soft open and red to green move as well

KPTI I'm interested in a small swing position on a back test and hod of the 15.50 region for a test of the sma50 above and possible move up to the $18 area

FSLY from the weekly watch list is very interesting as a short today if the QQQ continues to show weakness

NVAX made a stong move on volume yesterday and I like this for continuation on a move over $125 with a lot of range up if it can reclaim its sma50 at $129

ACAD is setting up for a 3/8/20 cross up in a TTM Squeeze and I like this on a back test and hold of $39 for a push up to the $43 area