Market Notes:
Bitcoin is flirting the 200 day moving average, which historically provides strong resistance. As regulators begin to address concerns in the crypto space some see it as a sign the market is maturing. I’ll watch the chart for confirmation … Lots of overhead resistance to get through.
The Delta variant of COVID-19 doesn’t appear to be fading. It’s a newsworthy item that could cause new shutdowns in low vaccine areas of the world. Expect the US to keep reopening … Business travel hasn’t come back yet. Look at ZM…
Meme stocks still haven’t broken down. I’m watching WISH and EXPR.
The OTC is lighting up again. Too many stocks to watch … I’ll sort by volume and ignore the slow movers.
I’m still risk off as futures trade mixed near flat.
Watchlist:
*ISPC has support at $8
*GROM watching for a setup above $4
*AUUD is on watch
*MRIN is on watch
*WTT is on watch
EXPR has resistance at $7.50
WISH has resistance at $15
OTC (on watch, no levels):
WSRC, HTZGQ, ENZC, RECAF, DPLS, PHIL, MMATIF, MJWL, CGXEF, HPIL, NLST, LWLG, REPO, IQST, GGII
