Energy prices continue to remain high. Inflation numbers are due out tomorrow … High inflation could give the Fed a reason to delay tapering … Which is bullish for the market.
The more I look the more I’m convinced the market has much more upside than downside right now. The economy is flush with cash. I’m happy to wait out some of the volatility. *IF* the market dips further, I’ll buy more.
Until then I’m in a wait-and-see mode.
Bitcoin’s run proves the appetite for risk is very high. Watching for all-time highs on that front any moment.
I’m remaining risk off on day trading until the market shows me my setups are working.
*ANY is on watch
*APRN watching for a setup above $8
PROG watching for a setup above $2
AEHR has resistance at $20
HNRG is on watch
CENX has support at $16
CPRX has support at $6.20
SOFI has support at $18
OTC (on watch, no levels):
ILUS, CYBL, ALPP, PUGE, IFXY, NTTHF