Market Notes:
Major indexes were quite choppy on Friday. The battle between bulls and bears lasted the entire day, but bulls once again came out on top. Markets closed at fresh all-time highs.
Bitcoin reached a peak, almost exactly two times the 50-day moving average (called it). It’s since slipped into bear market territory showing that not everything can go straight up all the time. I’m watching for an 80% pullback from highs, my buy target is now $8,400.
I remain bullish on stocks with an eye on the VIX which jumped but stayed rangebound. Futures are lower this morning and earnings season is just one week away.
Watchlist:
*NVFY watching for a setup above $3
*APWC has resistance at $2.92
*POLA has resistance at $7.50
*CPSH has support at $3.40
*LMFA is on watch
*ALLT has support at $13
ALDX is on watch
TBLT watching for a setup above $1
IZEA has support at $2
RESN is on watch
MLSS has resistance at $2.50
CMRX has support at $7.50, resistance at $8.50
EMAN has support at $2
CRIS has resistance at $10.30
JAGX has resistance at $4.50
TGA has support at $1
CRNT has support at $3.20
DSX has support at $2.10
LTRPA has support at $5.20
SBLK watching for a setup above $11
AVGR watching for a setup above $1
TRXC is on watch
TIGR has support at $10, resistance at $11
NOVN has resistance t $1.20
