Watchlist 2023-04-24 $SPY $LYFT $FRC $VERU $NWG $SQM

SPY - gapping up slightly back to the high volume node between 411 and 412. We’ve seen this price zone act as a magnet for the previous week. Until this area starts tot act as R or S, assume that the weekly downward trend will remain in this tight range.

For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VVOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900

LYFT - showing signs of strength at PM RVOL of 2.3. knowing on the door of 10.50, at 9/10 technical level IMO. PD was a fadeout below on 3+ RVOL. This is a trade to buy through 10.50 off the open IF it makes a move through immediately or there first move is down but it is bough up very quickly. THEN if needs to hold above 10.50 without a rejection. Want to see the bid hold and price move quickly away for the 10.50 level. If all these factors align, target could be as high as 11.50 which would be a 2 ATR move.

FRC - to report earnings after the bell. Since it's the results are still speculation, anticipation of sustained momentum in one direction might be capped so it's important to buy /sell closest to where you are wrong. If I see FRC trading over the 14.85 range, I want to get in around 14.50 to not be run over if it's a failed breakout. Playing it safe on this name today.

VERU - Sells Entadfi Business for 20 Million Plus Up to 80 Million From Sales Milestones - news from 2 days ago. Continuation strength play, buying on dips into high volume nodes that align with support at 1.40 and 1.30.

Other watches:
SQM - huge move PD as chile plans to nationalize lithium reserves. Bad news for SQM. Watching for weakness under 63.50 or strength over 66.

NWG - Watching for weakens under 6.80.