Market Notes:
Market’s are still going absolutely crazy in my opinion. The IPOs of DASH and ABNB show that. Along with some crazy runners this week, GLSI and SLS.
But the overall markets are beginning to turn. The VIX started climbing on Wednesday and is flying in the premarket as futures are falling.
Big news stories of the week include jobless claims rising, COVID-19 deaths spiking, PFE vaccine is ready for emergency use authorization. With the vaccine several months off, the negatives could give the bears an edge at least in the short term.
I’m watching for the dip to get bought. If the selling continues at the open we could be in for a bumpy couple of weeks.
Watchlist:
*Low Float
*TDAC has support at $13.50
*FIII has support at $12.50
*PHIO has support at $3.20
*SLS is on watch
*ZDGE is on watch
*FPAY has support at $2.50
*RAIL has support at $3
*CLSK has support at $15
*VTVT has support at $4
*PERI has support at $11.50
*WTT has support at $2
*SURF has resistance at $10
TRVG watching for a setup above $2.50
RGLS has support at $1.20
PLG has resistance at $5.20
VERU is on watch
SLCA has support at $6.50
SMTS has support at $3.20
TRQ has support at $12
SM has support at $6
UUUU has support at $3
XXII has support at $2
AMPE has resistance at $1.48
ERF has support at $3.20
AR has support at $4.60
NXE has resistance at $2.60
CLF has support at $13.65
