Market notes:
Earnings season is in full swing and we have the first real surprise. SNAP and TWTR smashed all expectations as users and profits for both companies soared. Both stock prices are up in the pre-market.
Personally, I didn’t even download the Snapchat app onto my current phone. But hey the numbers are what they are.
Melt-up continues, but small-cap plays still aren’t being rewarded.
Bitcoin continues to bounce. With Musk and Wood’s backing, it stands a chance at recovering. But there are still bearish signs lingering.
I’m risk off. Happy Friday!
Watchlist:
*SGMA has support at $7
*SCKT is on watch
CFMS has resistance at $1.50
OTC (on watch, no levels):
DPLS, NLST, LKNCY, LCLP, ENZC, NSAV, HDVY, HALB
