Market Notes:
Twitter CEO Jack Dorsey has sold his first Tweet as an NFT for $2.9 million. This is the hot sector as far as I’m concerned, TKAT is leading the way, YVR is on my watchlist.
The VIX reached a 52-week low as markets gained yesterday. Conditions are still ripe for a weak ending to the month but so far hasn’t happened.
Historically the end of March is weak, and I’m still expecting a market reaction to Europe’s shutdown measures. But so far faith is Powell is holding strong and a full reopening this year is being priced in.
Futures are down slightly. I’m remaining bearish for at least one more day.
Watchlist:
*IMTE watching for a setup above $9
*RCON has support at $4.50
*YVR has support at $4.50
*SPRT is on watch
JFIN watching for a setup above $14
CJJD has support at $1.68
HOFV has support at $4.50, resistance at $5.50
