Watchlist: 7/8 Fear & Divergence in Wall Street

Market Notes:

Futures are down about 1% this morning as the VIX rises. Gold and silver are up, headlines say inflation concerns … again…

Oil dropped overnight. And even bitcoin is at the bottom of its consolidation level. There’s an element of fear in the air.

Jobless claims are due out this morning. That’s the first potential catalyst I see. Good numbers could bring the dips buyers out in force.

I remain risk off.

Watchlist:

GMVD is a low float with resistance at $4.50
XELA watching for a setup above $3
ISEE has support at $9
NEGG is on watch

OTC (on watch, no levels):
HTZZ, RECAF, DPLS, MJWL, HPIL, NLST, LWLG, EEENF, MWWC, GMER

watchlist

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