Market Notes:
Another day of selling as earnings season kicks into high gear. NFLX missed a lot of expectations and fell dramatically in after-hours trading. I take this as a sign that lockdown plays are pretty much dried up.
The indexes have slipped over the past few days as the broader sell-off continues. Less than half of listed stocks are now above their 50-day moving average.
Markets may be rotating into summer.
I’m still risk off. But am beginning to build some OTC plays as the listed stocks are almost completely dried up.
Watchlist:
XXII has resistance at $4
TIPT watching for a setup above $11
NGTF has resistance at $0.45
HTZGQ has resistance at $11
DSCR has support at $0.015 and resistance at $0.02
