Market Notes:
Payment for order flow is on the table according to the SEC. Headlines point to HOOD but it would affect every online discount brokerage out there. Including my brokers E*Trade and TD Ameritrade. Could this move stop the flow of easy money in the market?
Speaking of easy money the SPY is having its best year-to-date performance since 1997. The trend is your friend. That bubble didn’t pop for three years…
Watching bitcoin still … Consolidation appears promising. I remain cautiously bullish. Still ready to buy heavily into a big dip, but the institutional investors are providing support.
Crypto and COVID are my main watches right now. But I don’t love any of the plays … I’m still risk off.
Watchlist:
*RNXT is on watch
*ANY has support at $6
*SQL has support at $5.50
BBIG is on watch
RDHL has support at $8.50
SUPV has support at $2.40
HUT has support at $7.50
GSAT has support at $2
OTC (on watch, no levels):
RGBP, DPLS, NSAV, TPTW, LCLP, LWLG, CUBV, EEENF
