The Fed will announce its new policy this afternoon. I expect everything to remain the same, dovish, with low rates and continued buying… They’ve got the bottomless checkbook and the market isn’t concerned about inflation … Sorry hawks.
High-flying stocks are few and far between this week, the best moves were in the OTC markets. I think that could continue today, I’ll keep my focus there.
Bitcoin is in a tight range, waiting to see what will happen next … Stock futures are near flat after light selling yesterday.
I’ll be cash by noon to avoid any crazy that might result from Fed Chair Powell’s afternoon speech.
*ALF has support at $5.50
*PANL has support at $4.30
CLSD has resistance at $4.50
CTXR has support at $3
TRCH has resistance at $5.50
OTC (on watch, no levels):
HTZGQ, ABML, ENZC, RECAF, DPLS, PHIL, AMMPF, MJWL, RSHN, RLLCF