The indexes were kinda boring yesterday as they await Fed Chair Powell’s remarks at 2 p.m. (Eastern) today. But those seeking action don’t have to wait…
CAR and BBBY are the new and old meme stocks making big waves in the market. The risk-on approach the market continues to have shows the resilience of the bulls.
The market is showing some signs of being overbought with the put-to-call ratio stretched about as far as it can go.
But I’m still not willing to bet against this market. Even after TSLA said the ink hasn’t dried on the HTZZ deal the stock still managed to hold the majority of its recent gains.
On the crypto front, Ethereum set a new all-time record high this morning. I expect crypto to remain hot until at least December.
Meme, meta, crypto, EVs, lithium you can pick the hot sector you want to play this morning.
*VLD has support at $11
*CRTX is on watch
IO has resistance at $3
IMMR has resistance at $9.50
IFRX has resistance at $5
CLSK has resistance at $22
UEPS has support at $6
CZOO watching for a setup above $10
KULR has support at $3
RRD has support at $7
SKT has support at $20
HUT is on watch
OCGN has support at $14
HIVE has support at $4.20
OTC, no levels:
AABB, INND, LIACF, APHLF, DEFTF, RGBP, BBKCF