Watchlist: 12/24 Santa Rally, Half Day

Market Notes:

According to the Stock Traders Almanac, the effect known as the “Santa Rally” starts today. Traditional the S&P 500 has returned 1.3% over the next 7 trading days. Boring…

There’s another effect known as the “Free Lunch” that’s already begun and traditionally returns 12% while the rest of the market returns 3%. This is the type of trades I’m interested in as a trader. So don’t get too hung up on the Santa hype.

Yesterday was another mixed close. The VIX continued to fall. All signs are still bullish.

Futures are pointing towards a slightly higher open this morning. The market closes at 1 PM ahead of the Christmas holiday.

Watchlist:

*Low Float

*CYCC has support at $8.50

*POLA has resistance at $6.50

*FIII has resistance at $14.75

*EVOL has resistance at $2.60

*MOGO has resistance at $4

*FLY has resistance at $10

*GIK watching for a setup above $15

*EVGN has support at $4.50

FRSX is on watch

GNPX has resistance at $5.50

FLNT watching for a setup above $5

SEEL watching for a setup above $2

MBIO watching for a setup above $4

EMAN has support at $1.90

JAGX watching for a setup above $1

SENS has support at $1

UUUU has support at $4

OCGN has support at $2 and resistance at $3

FCEL is on watch

KOS has support at $2.40

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