Watch List September 22nd

Good Morning,

Yesterday we continued to see the market under a lot of pressure, and this morning we are looking at a flat to slightly up open for the SPY and a moderate gap up for the QQQ. We are also looking at a relatively flat open for the VIX which spiked quite a bit yesterday before easing into the close. Overall we have a market that is in a long term uptrend with a shorter term downtrend and we will have to be patient waiting to see if this turns into something more. Here a re a few names that we will be watching today:


KODK from the weekly watch list I like over yesterday's high right around the $11 mark


EGO is a gold name that pulled with gold yesterday, but I like this over 11.50 for a push back to the mid $12s and possibly higher


DDOG reclaimed its sma50 yesterday in a nice TTM Squeeze on the daily. I like this over $89 for a push up to the $95 area or higher


MCRB is in a very nice flag pattern with a TTM Squeeze. I like this on a soft open and red to green move for a push up to test $28 and possibly break much higher


If the market and particularly the QQQ shows any signs of weakness I will be watching NFLX, AAPL, and FB for potential short entries at resistance points



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