Watchlist: 12/3 Upward Grind, China Tensions

Market Notes:

The markets are grinding upward as we welcome December. The SPY posted a new record high close again yesterday. That’s the 6th one since the first PFE vaccine was announced.

New jobless claims data is due out this morning. Could be a driver if there are any surprises.

The China problem is not going away even with a new president. Overnight the US House unanimously supported a bill to delist some Chinese companies if their audits aren’t up to snuff. This includes NIO & BABA. The bill is expected to be signed into law.

Watchlist:

*Low Float

*CYAN is on watch

*OBLN watching for a setup above $1.60

*MACK has support at $6, resistance at $7

*LOAK is a SPAC, resistance at $13.50

*CATB is on watch

*CLRB resistance at $2

*MESA watching for a setup above $7

*HDSN resistance at $1.77

*YTRA has resistance at $2

INFI has resistance at $2.30

EVRI has resistance at $11.50

HIMX watching for a setup above $7

UUUU has support at $2.25

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