Watch List February 2nd

Good Morning,

Yesterday we saw a bounce for the markets and so far this morning we are getting a bit of follow through and it is looking like the SPY may reclaim the sma20 at the open. If this is the case it will be very important to see what happens on a back test of that sma20 if it sets up, and most important will be do we hold that sma20 into the close. It is also worth noting that the VIX is easing significantly and that is something that we will need to watch throughout this week. Here a re a few names that I will be watching today:

FRHC is building a very nice shelf of volume in a TTM Squeeze on the daily. I like this over $52 for a push up to test $55 and possible break much higher

CHKP is only for a day trade as this has earnings tomorrow, but I like this on a soft open that goes red to green for a run into its er

WDAY is consolidating nicely in a TTM Squeeze on the daily and is reclaiming a key anchored vwap level at $232 I like this on a pullbakc and hold of that level for a push up to the December highs

NLOK I'm interested in just for a quick swing into earnings on Thursday after the close. I like this anywhere from $21 to 21.50 for a push up to the mid to high $22s

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