The markets aren’t happy this morning. Bitcoin is below its 200 day moving average. The VIX is above 20. I’m staying risk off.
Bitcoin miners in China are getting shut down. Adoption is growing in most places as governments try to restrict usage. If you’ve been waiting for an opportunity to buy it’s about 50% off its highs right now. Prime day sale!
The stock market remains in summer mode. A little choppy after the Fed’s announcement but slowly moving back up. Futures went red to green this morning. With the VIX still high I’m not turning aggressive but there’s no reason we can’t march higher.
*ALF is on watch
MGI has support at $10
TRCH has support at $7
OTC (on watch, no levels):
HTZGQ, ABML, ENZC, RECAF, DPLS, MJWL, RSHN, RLLCF, PHIL