US Treasury secretary Janet Yellen suggested interest rates would need to rise in order to keep the economic boom in check. She was offering a vote of confidence to the recovery, but apparently, everyone wanted a reason to sell.
May traditionally marks the beginning of the worst six months, the sell-off was relatively minor in the grand scheme of things… The Nasdaq down less than 2% while the Dow squeaked out a gain… Nothing to see here.
I had some success on the small cap side of the house as money was moving out of the large caps.
Dogecoin continues to rip higher… three days until SNL!
I’m remaining risk off but bullish on the overall market.
*PRPO watching for a setup above $5
*HBP has resistance at $5.25
COCP is on watch
ATNX has resistance at $6
REED has support at $1.35
TTI has resistance at $3
OTC (on watch, no levels):
OZSC, BPSR, GGII, GVSI, ALPP, LTNC, BBKCF, HTZGQ, ICBU, AVVH, DCSR