Watchlist: 10/14 The Bulls are Back in Town

Market Notes:

Inflation is still running hot. But no hotter than expected, the market has absorbed the news and started rising.

I’ve been expecting a breakout to the high side for a week now, today the SPY is showing signs of a bottom with a clear inverse head and shoulders pattern.

SPY 1-day candles – Chart via thinkorswim

This morning futures are up more than a random amount. I’m still super bullish on the overall market and continue to hold and buy swing trades.

In terms of day trading opportunities I’m still not seeing the setups I want so I’m going to stay out for the time being. I may wait until November to reenter.

Bitcoin is still up and the market is still risk on despite all the “concerns” you may read about in the headlines.

Watchlist:

*Low Float

*KOSS is on watch
*SNCE has resistance at $13
*ANY watching for a setup above $8
*JSPR has resistance at $16
*APRN has support at $9
TIPT watching for a setup above $14.50
AEHR has support at $20
SOFI has support at $19

OTC stocks (on watch, no levels):
ILUS, CYBL, NTTHF, MJWL, MWWC, IGEX

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