Market Notes:
I saw a report showing 18% of all trading this past Monday was in stocks priced below $1. This is not intuitions, they don’t mess with these stocks for the most part. It’s amazing the power of the new breed of “day-traders” out there. They are driving incredible moves.
Overall markets actually slipped a little bit yesterday. Nothing too significant, but the chart is showing a bearish engulfing pattern. I expect today and maybe even Monday to have some selling.
The overall trend is still up, the VIX is still relatively low, and I remain bullish.
There’s a huge amount of stocks in play today, I’ll be moving quickly and deliberately.
Watchlist:
*PPSI has resistance at $6
*POLA has resistance at $9
*CPSH is on watch
*SUNW has resistance at $13
*GVP has resistance at $1.70
*AKTX has support at $2.45
*FNKO has support at $12.50
*MOGO has resistance at $5.20
ALDX watching for a setup above $12
DARE has resistance at $1.60
BOXL has resistance at $2.15
CXDC has resistance at $1.25
IZEA has resistance at $3.20
ACTG is on watch
UBX watching for a setup above $7
STNG has support at $14
LXRX is on watch
DBVT watching for a setup above $5
CRIS has support at $11
DBI has support at $9.50
PEI watching for a setup above $1.40
ICLK has resistance at $12
TK has resistance at $3
SLCA has support at $9
ORBC has support at $8
GSM watching for a setup above $2.20
GLOG has resistance at $6
FINV is on watch
AT is on watch
HEXO has support at $7
SENS has support at $1.20
BNGO has support at $7, resistance at $8
AMRS has support at $10
NAVI has support at $12
APHA watching for a setup above $12
BB has support at $10
