Market Notes:
PFE announced they were having problems in their supply chain and cut it’s 2020 vaccine production outlook.
Markets reacted with an end of day sell-off. But futures are back up this morning.
There are more vaccines and this small stag is not going to extend the pandemic any further. Most people won’t receive a vaccine until the middle of next year anyway.
The markets are always forward looking. A return to normal is still being priced in.
I’m still bullish. SPACs are lighting back up. Long list today…
Watchlist:
*Low Float ^SPAC
*^SMMC has resistance at $14.50
*^TRNE has support at $14.50
*^CGRO is on watch
*HGSH is on watch
*^SRAC has support at $14.40
*FPAY has resistance at $2.50
*AQB has support at $6.50
*CLRB has support at $2
CASA has support at $6
^IPV has support at $11.50
^STPK is on watch
RADA has resistance at $9
NNDM has support at $7.40-50
CDMO has support at $11
ADTN has support at $14
CRNT key level at $3
ARLO has support at $6.50, resistance at $7.50
GSM has support at $1.80
EVRI has resistance at $13.50
MIK has support at $12
WETF has support at $4.50
EAF has support at $9
GOL has support at $10.25
BCRX has support at $6
QEP has support at $2
