Market Notes:
The elections have yet to be called but the betting odds paint a clear picture. The Democrats swept the runoff elections pulling off a major upset victory.
The liberal party will control the federal government for the next two years. Weed stocks are up, tech stocks are down.
Many people have been calling for a market correction if this happened. I’m going to be very cautious while the market sorts out the results.
Bitcoin appears to be the big winner, setting new all-time highs overnight. Oil surged above $50 per barrel yesterday for the first time since the pandemic crash. Energy stocks are likely in play this morning.
Nasdaq futures have been down as much as 2%. The Dow and S&P 500 are mixed closer to flat.
Watchlist:
*ENSV has support at $2.35
*MYSZ watching for a setup above $1.70
*ZKIN has support at $3.20
*ESSC is on watch
*SOL has support at $13
*GRTS has support at $5
CLSD has resistance at $4
RESN has support at $3, resistance at $4
PAVM has support at $2.50
CDMO has support at $12
MBIO has resistance at $4.36
SLCA watching for a setup above $9
LBRT has support at $11.50
GLOG has support at $4
ISR is on watch
OII has support at $9
SM has support at $7
MTDR has support at $14
TIGR has support at $9.50
PTEN has support at $5.80
AMRS watching for a setup above $8
NEX has resistance at $4
NXE watching for a setup above $3
