Watchlist: 8/20 Crypto, COVID … Correction?

Market notes:

Indexes squeaked out some gains yesterday but the broader trend is still pointing down. The SPY is at support I believe it’s important for the dip to be bought today. More selling could lead to a larger decline.

While indexes enjoy near record highs, the individual stocks continue to suffer. 68% are now below their 50 day moving average, and 47% below their 200 day MA.

Crypto continues a strong bull trend … 90% of Fidelity’s rich clients are asking about bitcoin. Cardano (ADA) is at all-time highs this morning.

I’m continuing to see COVID plays spiking, GOVX today. I’m not likely to chase at these levels but will take a perfect setup.

Watchlist:

*Low Float

*DATS has support at $4.50
*GOVX key levels at $6 and $8
*CATB is on watch

OTC (on watch, no levels):
NLST, HPIL, PBYA

watchlist

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