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. 🙂
*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