News out of Washington is a bipartisan group of Senators reach a compromise on a $1 trillion infrastructure spending plan. But within hours President Biden said he wouldn’t sign the bill by itself … He wants to end the 2017 corporate tax cuts too. Politics as usual but it does seem like the ball is rolling…
The markets welcomed the news as the Nasdaq Composite and the S&P 500 set new record highs.
Speculation in here in a big way. The OTC market lit up. Meme stocks are still alive and well. And several recent IPOs are soaring.
I’m still bullish and willing to go risk on for the right setup today. Fridays can bring a lot of great moves to the market.
*FFLHL is on watch
*GRVI is on watch
*CXM watching for a setup above $20
*MRIN has support at $3
*XYF watching for a setup above $12
ATOS watching for a setup above $8
EC has support at $14
OTC (on watch, no levels):
WSRC, HTZGQ, ENZC, RECAF, DPLS, PHIL, MMATIF, SNMP, MJWL, LWLG, AABB, CGXEF