Market Notes:
Markets put in a second red day yesterday and are continuing to fall this morning. I’ll be watching the open to see if this dip is getting bought. A breakdown below the opening 15-min range will signal the bears have recaptured control of the market.
New jobless claims are coming out at 8:30. This could be a catalyst for the day if there’s a surprising number.
I’ll be cautious if the bears take over, aggressive if the dip gets bought.
Watchlist:
VOXX is a low float, on watch
KXIN is a low float, resistance at $2.20
SURF is a low float, resistance at $10
ALRN is a lowish float, resistance at $2.20
NFIN is a lowish float, resistance at $12
AXTI has resistance at $6.80
PEIX has resistance at $9.66
MGI has support at $4
MNGI watching for a setup above $9.20
GPRO watching for a setup above $7
LCTX has support at $1.28
PACB has resistance at $14.10
IMGN watching for a setup above $9.40
MDRX watching for a setup above $11.38
SLM has resistance at $9.25