Market Notes:
Bitcoin has continued higher ahead of Coinbase’s (COIN) direct listing to Nasdaq. This morning the price peaked near $65,000. COIN has a reference price of $250 per share, a value that puts it in line with a recent round of private funding in the mid $60 billion area.
I expect the price to debut much higher, $500 is not out of the question.
Indexes remain high as the small caps still suffer. I’m bullish on perfect setups that are few and far between right now.
The JNJ vaccine troubles appear to have been shrugged off after some volatility.
Futures are near flat, I’m bullish.
Watchlist:
*BTN watching for a setup above $4
GALT watching for a setup above $3
HLIT has support at $8.50
