Market Notes:
When two of the biggest companies in the world, AAPL & AMZN, reported less than stellar earnings the market had every reason to take a break. But it didn’t. The market is continuing to surge higher.
Friday notched more record closes and this morning futures are pointing towards a higher open.
It’s the first of the month, traditionally a bullish day for the market. We’re expecting a lot of news this week. The Fed hosts its twice quarterly FOMC meeting this week. The market will be keeping a close eye on that. Plus the October jobs report will come out on Friday.
Bond prices are stabilizing and bitcoin remains near all-time highs. The market has some inflation concerns but it’s not scared.
The first week of November is traditionally one of the bullish weeks for the market. I’m risk on.
Watchlist:
*ABVE is on watch
*METC has resistance at $19
*MRAI has resistance at $6
*APRN has support at $9
*BKKT key level at $40
CLSK has support at $20
EQOS has resistance at $7
IONQ watching for a setup above $15
DCRC has support at $12.40
ATEN is on watch
WTRH has resistance at $2
OCGN is on watch
LCID has resistance at $40
OTC, no levels:
AABB, INND, LIACF
