Watch List September 29th

Good Morning,

The market saw a large gap up and mostly sideways day yesterday for all of the major indices, with the SPY stalling right below the daily sma50 and the QQQ stalled at the sma20. The VIX surprisingly was almost dead flat sending us a bit of a mixed message. This morning we are looking at a relatively flat open as I type at 8:20 AM Eastern. Patience will be key here to see if the market wants to take out the resistance above or go back down to test the resistance below. Here are a few names that we will be watching today:


DDOG continues to try to push up off of a shelf of anchored volume. I like this today if it gives a soft open and a red to green move for a push to the $100 area


AAL had a strong move yesterday and ran into anchored vwap resistance just over the $13 level. I like this over yesterday's high for a push up to test $14 and possibly break higher


BIDU in a very nice pennant in a TTM Squeeze and also building a nice shelf of anchored volume. I like this on a soft open that goes red to green for a push up to the $135 area


BLDR is setting up for a 3/8/20 cross in a TTM Squeeze. I like this over 32.50 for a 33.50 test and possible breakout much higher


RRR also setting up for a 3/8/20 cross in a TTM Squeeze. I like this over $18 for a push up to test $20 or higher


WEN another one in a TTM Squeeze setting up for a 3/8/20 cross up. I like this on a soft open that goes red to green for a push up to the $25 area


SPWR you guessed it is in a TTM Squeeze and setting up for a 3/8/20 cross up with a gap above. I like this over $12 for a push up to $14 or higher


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