Amazon (AMZN) is actively seeking to hire a “Digital Currency and Blockchain Product Lead” follow the link to apply. The tech powerhouse is entering the crypto market in some way. Bitcoin and crypto prices have surged higher on the news.
At writing, bitcoin’s price stands near $38,000. Above the 50 and 200 day moving averages.
Stocks aren’t as hot. After closing at new record highs on Friday futures are off about 0.5%.
Heading into the last week of July I’m not expecting too much movement. August is traditionally a very slow month for stocks.
I remain risk off but will be watching some of the IPOs coming down the pipe this week. Including Robinhood (HOOD) on Thursday.
OTC (on watch, no levels):
DPLS, NLST, LKNCY, LCLP, HDVY, BCAUY, RLFTF, FERN, CYBL