Watchlist: 8/11 – $1 Trillion and Counting

Market Notes:

The bipartisan infrastructure bill passed the Senate yesterday and now heads to the house. The $1 trillion bill adds $250 billion to the deficit over the next ten years. Its future is uncertain in the house as progressives have already come out against it. But since it’s bipartisan it could pass without them.

Bitcoin is rising with the passage of the bill. The golden cross appears imminent.

Still summer, but there’s been action in the small caps this week. I’m cautiously bullish. Risk on for the right setup.

Watchlist:

*Low Float

*ZEV has resistance at $12
*GTIM has support at $5 / resistance at $6
*SCPE is on watch
FULC has support at $16
TMST has support at $16.50
JBI has support at $14.50
CWBR is on watch
BTU has support at $12.50

OTC (on watch, no levels):
NLST, NSAV, LKNCY, KYNC, EEENF, RGBP, DPLS, AABB, AERG

watchlist

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