Watchlist: 7/9 Earthlings are Buying the Dip

Market Notes:

Markets retreated about 1% from all-time record highs. They’re calling it a sell-off … I’m calling it a dip. This morning futures are up.

Here are the stories worth noting this morning:

SPCE’s Branson is scheduled to leave the earth this weekend. After yesterday’s rally, I’m watching for a major squeeze into the weekend. I will not hold over the weekend though … Too much unknown.

WFC abruptly canceled lines of credit for customers. Not reading too much into this … They’re a shady bank, have been for years … Tiger’s don’t change their strips. If other banks follow suit then I believe it’s a story.

The COVID-19 Delta variant isn’t slowing down on the international stage. Japan won’t allow spectators at the Olympic games. Meanwhile, Russia, India, and Indonesia have reported their highest one-day death totals in the past week.

I’m risk off. Still willing to trade perfect setups. It’s been an exciting short week. I’m green every day. 🙂

Watchlist:

*Low float

*OPHC has resistance at $5.50
*NVFY is on watch
ARPO has support at $2.50
SPCE has resistance at $55 & $60

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

watchlist

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