Watch List September 2nd

Good Morning,

Another day and another all time high for the SPY and the QQQ, and it looks like we will do it again today. As exciting as this may seem, there continues to be a number of yellow flags out there, the greatest of which is the behavior of the VIX which is still looking very bullish here. As we have been preaching for a few weeks now, we have a solid uptrend and we are going to trade with the trend, but we do need to be cautious in our position sizing and overall risk exposure. We will continue to selectively look for A+ setups and trade them in small position size until the market tells us differently. Here are some names that we are watching today:


SDC pulled back a bit yesterday but I still like this for continuation if it can take out its sma200 and a key anchored vwap level around 8.35 for a push up to the mid to high $9s


NDAQ is building a huge shelf of volume in a TTM Squeeze. I like this on a pullback and hold of the $133 level for a push up to $140 or higher

BBBY is in a TTM Squeeze and reclaimed a key anchored vwap level. I like this on a soft open that goes red to green for a push up to fill the gap around the $14 level


COOP is building a very nice shelf of anchored volume by price in a TTM Squeeze. I like this on a pullback and hold of the $19 area for a push up to test $20 and possibly break much higher


STNE had a nice earnings move on August 11th and has been consolidating since building a nice shelf of anchored volume by price in a TTM Squeeze. I like this on a pullback and hold of the $52 area for a push up to $55 or higher


ON has a huge shelf of anchored volume by price in a TTM Squeeze. I like this on a move over $22 for a push up to $24 or higher







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