Market Notes:
Earnings season is in full swing. Big names like MSFT and TSLA reported great numbers… And saw their share price fall. PINS fell 10% on an earnings beat. GOOG/GOOGL seems to be the only exception rising ~5% on good numbers…
More and more it’s showing me that huge numbers were already priced in and the summer cycle looks like it should be returning right on schedule.
Bitcoin is still holding in no-man’s-land, above $50K but below the 50 day moving average.
I remain risk off and will be selling into the weekend. OTCs are still my focus. Futures are mixed. I’m bullish for the day.
Watchlist:
*NTWK is on watch
ALDX has support at $14
GALT has resistance at $4.25
MNMD watching for a setup above $5
OTCs (on watch, no levels):
EEENF, ALPP, GGII, OZSC, HMBL, ABML, BBKCF, GVSI, PJET, RGBP, AITX, BBKCF, SHMN, LTNC, HYSR, MMNFF, VBHI
