Last week the Nasdaq snapped a three-week losing streak. And the Dow soared to new record highs. Speculation in the low-priced stocks has been fading as tech looks to recover.
We have a busy week ahead: the Fed meeting on Wednesday and Thursday, Friday is the first triple witching of 2021.
Only two full weeks left in Q1 2021… Markets tend to slow towards the end of March. But with the rough open to the month I’m not ready to go short just yet. Today I’ll be looking to gauge a market theme heading into the week.
Don’t forget… Bitcoin made new all time highs over the weekend! Futures are up (at writing).
*GIGM has resistance at $4.30
*SALM has support at $3.50
*ACER has support at $6
RYB has resistance at $6
AGS has support at $9
III has support at $4
RGLS watching for a setup above $2
NNBR has support at $7.35
SEEL has support at $4.40
LC has support at $14
CYH has support at $11, resistance at $11.50
UEC has support at $2.55