Markets closed on Thursday at all-time record highs. All three major indexes posted gains for the year but the magnitude varied greatly. The Nasdaq Composite was up 43%, the S&P 500 16%, and the Dow Jones only 7%.
Bitcoin soared over the weekend, topping out early this morning near $35,000. It has since fallen more than 15%.
I remain bullish as we enter the new year. There is some risk in tomorrow’s runoff election, if Democrats can pull off an upset win in both races watch for a correction. Otherwise, the power of the Fed be with us.
Futures are up this morning. Happy New Year!
*DRAD has resistance at $3.50
*TCON has resistance at $11.85
*LXU has support at $3
CLSD has support at $2.50
RRD has resistance at $2.30
LC has support at $10
GCI watching for a setup above $3.50
BNGO is on watch
OCGN has support at $3