Watchlist: 6/1 Short Week, Cryptos Boring

Markets Notes:

Welcome to June! Today we kick off a short week with plenty of activity.

Crypto was boring over the long weekend… Today I’m watching for Bitcoin to hold its 200 day moving average. A breakdown below this level would be a strong sign the bull run is over. I’m still a long-term bitcoin bull.

A few events to notes this week:

  • ZM reports earnings after the close today. This pandemic play could give us some clues about the future of work from home.
  • The S&P 500 is near all time highs. A breakout appears imminent.
  • May jobs reports come out the Friday.

Futures are up. I’m willing to go risk on for an A+ setup.

Watchlist:

*Low Float

*LEDS watching for a setup above $14
*WRAP has support at $8
*UONEK has resistance at $5
VTNR is on watch
TELL has support at $4

OTC (on watch, no levels):
HTZGQ, GGII, HMBL, ABML, AABB, TAWNF, GMER

watchlist

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