Weekly Watch list August 3rd– August 7th, 2020

Left/right combos: CVET, PBF, NAV,SMPL.

Doji sandwiches: ALT, TTWO, FSLY, AAOI, EA, AVLR

Internet stocks: BILI, CPTO, SFUN,  GDDY, ANGI

These can be bought based upon the markets opening positive and trading positive. The Dow traded lower most of Friday but during the final two hours, it went from a strong down move to trading up 114 points by the end of the day. The NASDAQ uses the T-line as a support level. If it opens positive on Monday, anticipate a Doji sandwich set up producing the probabilities of a Doji sandwich that would be breaking out through the recent highs. Gold stocks continue their uptrend, they can still be bought as long as they do not close below the T-line. However, watch gold prices. They have produced potential reversal signals in the overbought area over the past few trading days.

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