Weekly Watch List August 19th

Well it was quite a week for the market once again this past week. We had big gap downs, gap ups, big green candles, and big red candles. Volatility saw spikes as well as some easing. Heading into this week, I think we can probably expect much more of the same, and it is definitely a time for me to remain patient and a bit cautious until we either see significant easing int he VIX and/or a a move back up over the sma20 and sma50 on the SPY. Having said that, we are seeing some interesting setups that will be worth watching this week:


STMP was an earnings winner that is loaded with short interest and is now starting to test the highs from its earnings move after a retracement. We like this over 62.78 for a move higher into the gap above

EB has a nice TTM Squeeze on the daily as well as a large gap above after it has put in some work forming a bottom. We like this over 19.20 for a breakout entry or on a pullback and hold of 18.50


PLAN has a nice TTM Squeeze on the daily and recently regained its sma20. We like this on a pullback and hold of that sma20 area around $57 for a move up to the recent highs around $60


SUM has a long TTM Squeeze on the daily and has been consolidating above the sma20. We like this on a break over 19.73 for a push up to recent earnings highs around $21 or on a pullback an hold of the $19 level


CRUS is a recent earnings winner that has retraced and looks ready to move back up. We like this over 54.76 for a move back to the recent highs up around $60


LSCC is another recent earnings winner that has retraced and consolidated and is looking ready to make a push back up the recent highs. We like this over 19.30 for a move up to $21 or higher


SAIL is consolidating between its sma20 and its sma100. We like this on a move up over the sma100 around the 22.25 level for a push up to test recent highs and possibly push in to the gap above


CLGX has a nice TTM Squeeze on the daily chart and is consolidating around its sma20. We like this on a move over the 46.65 to 46.80 area for a test of recent highs around 47.50 and a possible push higher


As always if you have any questions please email us at peter@thetraderspath.com or justin@thetraderspath.com

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