Watchlist: 6/3 Jobs, Movies, and Crypto

Market Notes:

New jobless claims are due out this morning. I’m watching for the trend to continue with a new pandemic era low. The pace of layouts is about still double that of a truly healthy job market. Still, calls from right-wing politicians are going louder, they want to end employment stimulus early.

The Fed announced it’ll be selling ~$13 billion in corporate bonds that it bought up last year to help stabilize the markets. In the world of supply and demand, it doesn’t matter. The Fed added $7+ trillion on its balance sheet and is still dumping $120 billion per month into liquidity markets. But it could change sentiment… I’m watching BND to see if bond prices change.

AMC and the rest of the meme stocks are still stealing the show. Crypto is showing signs of an uptrend.

Futures are down at the moment. I’ll put some risk on if I get a nice setup on a meme stock…

Watchlist:

*Low Float

*IHT watching for a setup above $9
*UONE watching for a setup above $12
EXPR is on watch
AHT has resistance at $6
PTEN has support at $9.75
AMC is on watch
BB is on watch

OTC (on watch, no levels):
HTZGQ, GGII, HMBL, ABML, NWGC, ENZC, VDRM

watchlist

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