Watchlist: 4/22 Everything Bounce, Shipper Set Sail

Market Notes:

Yesterday’s session was a little odd. Everything that was flying earlier in the year bounced. Many giving a buy signal with a bullish engulfing pattern.

I’m not rushing to buy anything just yet. But the signal was bullish for the market too, a slight shift that could point to a risk on mindset.

Shipping stocks were among the biggest winners and the clear hottest sector. But these stocks have a history of failed spikes over the past year. So I’m staying risk off today and keeping position size small.

Bitcoin is slipping, I’m watching for support at $50K. A dip below that could signal a deeper rut.

Futures are down, I’m cautiously bullish.

Watchlist:

*Low Float

*TYHT has support at $6
*WLMS has resistance at $4.40
*TIPT is on watch
GNK has support at $13
DSX has resistance at $3.80
XXII watching for a setup above $4

DSCR has support at $0.014
IPSI has support at $0.16
MRTMF has support at $0.16
NGTF has support at $0.45
HTZGQ has resistance at $2

watchlist

Leave a Comment

Your email address will not be published. Required fields are marked *