Yesterday I called the rally a dead cat bounce. Future are indicating this is the case, making fresh lows overnight.
At writing futures remain in the red but less than 1% down. S&P 500 future fell more than 2% in the early morning.
It’s Friday and markets are preparing for two days without trading during a very busy news cycle. The US has set a new record high single day positive COVID-19 cases 3 of the last 6 days.
New restrictions are possible over the weekend.
New unemployment numbers are still high. Likely to go higher with new restrictions. One study out of the UK claims up to 20% of new cases come from restaurants.
I don’t think people will want to hold over the weekend. I’m on watch for heavy selling.
HUSN is a low float, resistance at $2.50
AIRI is a lowish float, support at $1.50
AVID has resistance at $9.60
MGEN has resistance at $1.60
ORBC watching for a continuation
TROX has resistance at $10
RLGY has resistance at $12
CYH watching for a setup above $6
CLNY key level is at $3.75
GNW watching for a setup above $4