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Weekly Watch List December 23rd

Happy Holidays to all! It is likely to be a quiet week this week for the market with a week that will be broken up by the market closing early on Tuesday and all day on Wednesday. Last week we saw most of the major indices continue to make new all time highs and the VIX continued to ease. The market continues to show strength, but certainly looks ready for a rest here soon. When that rest or pullback may come is anyone's guess, so we will continue to take what the market gives in he form of shorter time frame trades. Here are some names that we will be watching this week:


GO put in a nice bottom at the $30 level and is starting to round back up in a TTM Squeeze on the daily. We like this over $33 for a move up to $35



LYFT is a name that a rough IPO earlier this year and is finally starting to turn around and look like its ready to move higher. We like this over 48.25 for a test of $50 and possible break higher



MUSA is in a nice flag pattern consolidating around its sma20. Ideally we like this off of a pullback to the sma20 and move back up. We would look to enter on a move back up through 118.50 for a test of recent highs in the low $120s and possible push higher



JBLU is in a nice TTM Squeeze on the daily and holding some trend line support as it just regained its sma20. We like this over $19.30 for a push back up to test $20 and possibly push higher. It's worth noting that there has been some unusual options activity on this name recently with some buyout speculation as well.



SHOO is another name in a TTM Squeeze on the daily that is consolidating around its sma20. We like this over 43.60 for a push up to $45 or higher



CVA is in a nice reversal pattern in a TTM Squeeze on the daily. We like this over 15.12 for a push up tot he high $15s



BERY has been consolidating along its sma200 for a few weeks and has a nice gap above if it can get up through. Ideally we like an entry around 47.50 but would also be interested in a volume break over $48 for a push up to $50 or higher



SABR is in a long TTM Squeeze and tested the $23 level on Friday. We like this over $23 for a move up to the recent highs around $24



FNKO is a name we have been watching for a while. It just regained its sma50 on Thursday and Friday. Ideally we like this on a slight pullback and then move back up through $16 for a push up towards $17 or higher



LK is another name that was on last week's list, and we still like it here. Ideally we like this on a small pullback and then move back up through $32 for a test of recent highs around 33.50 and possible break higher