Weekly Watch List February 17th

Happy President's Day,

We get a little break from the market today and then we are back at it tomorrow. It's been quite a February so far for the market with two solid weekly candles in despite all the concerns over corona virus and its effect on the global supply chain and the Chinese consumer. You really can't fight this strength, but we are getting into some pretty extended territory on some of the major indices - especially the QQQ. We will continue our approach of continuing to take shots in small position size to effectively manage risk. Here are some names that we will be watching this week:


RAD was on watch last week and still looks very good here. Ideally we like this on a pullback and then move back up through the 14.25 area for entry, but we would also consider a breakout with volume over the $15 area for a push up to $17



SERV is name that is in a long bottoming process that looks ready to finally push up into its earnings report on February 27th in a nice TTM Squeeze. Ideally we like this on a pullback and move back up through the $37 area but we would also consider a break over $38 for a push up to $40 or higher



KMB had a big gap down on earnings last month that was aggressively bought right back up. It's in a very nice TTM Squeeze on the daily and the sma20 has caught up nicely with the price action. We like this on a pullback and hold of the sma20 and push back up through $145 for a push to 147.50 or higher



CHWY is in a very nice TTM Squeeze on the daily and is setting up for a 3/8/20 cross up. We like this either on a pullback and hold of the sma20 or on a break over $29 for a test of $30 and possible push up to the $32 area



CRWD is slow riding its sma20 up and has earnings next month as a nice potential catalyst for a move higher. We like this on a pullback towards the sma20 and push back up through $64 for entry for a move up to the $70 area



SHAK has had a nice recovery off of the recent lows but has stalled at the sma200, which is not unusual. We like this on a slight pullback and then move back up through 72.25 for entry for a retest of the sma200 around $75








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