Watchlist: 5/17 Crypto Crash

Market Notes:

Elon Musk…. (again, I know) took to Twitter and suggested TSLA may sell its bitcoin holdings. The crypto market reacted with a violent sell-off. The dip is currently being bought. Dogecoin is holding up strong.

Earnings season continues as we enter May’s expiration week. As things are getting back to normal I’m watching for more selling of the news.

Small caps are showing some signs of life ass earning winners. And WallStreetBets is making a play at AMC too. It could be an interesting week.

Futures are down this morning. I remain risk off. I’m open to changing my mind this week.

Watchlist:

*Low Float

*MOXC has support at $11
*IHT has resistance at $8
SKIN has support at $13
UONEK watching for a setup above $3
CPRX has support at $5
CHS has support at $4
RRC has support at $12.50
AMC has resistance at $14.50

OTC (on watch, no levels):
HTZGQ, TAWNF, KPAY, GGII, HMBL, KYNC, ENZC, GVSI, OZSC, DXLG

watchlist

Leave a Comment

Your email address will not be published.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