Watchlist: 10/16 Choppy Friday, Weekend Risk Off

Market Notes:

The dip got bought yesterday. It was a textbook gap and fill. The market opened way down but managed to recover most of those losses closing the day near flat.

It’s now Friday and we are headed into the weekend with the election well underway in several states as early voting has begun. Futures are choppy ahead of the open.

As long as we hold above yesterday’s low I believe this dip will get bought right back up and we could still see record highs before the election results are tallied. I’m bullish.

Watchlist:

DXF is a low float, resistance at $1.50

LYL is a low float, watching for a setup above $2

HGSH is a low float, resistance at $2

SOL is a low float, watching for a setup above $4.25

ORGO is a low float, key level at $4.60

HBP is a low float, resistance at $3.75

NNDM is a lowish float, watching for a setup above $5

TACO has support at $9.77

GME has resistance at $15

CARS key level at $10

GPRO watching for a setup above $7

PACB has support at $14, resistance at $14.50

MDRX has support at $10.50, resistance at $11.60

FLEX has support at $12.49

Leave a Comment

Your email address will not be published.