Markets are starting May on a positive note. I remain risk off as the market is just not making strong moves on the small-cap side of the house. And May is traditionally the start of the worst six months.
Bitcoin has broken out above the 50 day moving average. I am bullish on crypto again. Keep an eye on Dogecoin as it rallies with its biggest fan Elon Musk set to take the stage on SNL this week. Ethereum is at record highs this morning too.
Warren Buffett held his annual shareholders meeting over the weekend. Headlines are focused on every word he said… It’s entertaining but none I’m not getting too hung up on Buffett. I’m a trader, not an investor. His advice remains: buy and hold.
Futures are up. Markets remain bullish, though they are quite boring still…
*ISNS has resistance at $6.50
*RAIL has resistance at $8
VBLT watching for a setup above $2.20
VXRT has support at $11
UXIN watching for a setup above $3
OTC (on watch, no levels):
OZSC, PCTL, BPSR, HMBL, QNTA, GGII, GVSI, ALPP, LTNC, RGBP, ENTZ, BBKCF