Watchlist: 8/6 SPY Breakout

Market Notes:

At writing the S&P 500 is pointing towards a record high open. This is despite the beginning of August traditionally being a weak period for stocks.

The larger indexes are moving higher, most stocks still lag behind. About 55% are below their 50 day moving average, but that is down from 60% yesterday.

Bitcoin is back above $40,000 this morning after a hard fork in Ethereum. This sector is getting hotter, I underestimated yesterday it and ignored BTBT

I’m risk off. Friday’s aren’t usually my jam, but I’m watching for perfect setups.

Watchlist:

*Low Float

*MVST has support at $10
*ANY has support at $4.50
*BTB has support at $1 / resistance at $1.18
SSSS has support at $14
ORMP has support at $18
FLGC is on watch
BTBT watching for a setup above $16
CCRN has support at $19
INFI watching for a setup above $3
HMHC has resistance at $14
BITF has support at $5

OTC (on watch, no levels):
NLST, NSAV, LKNCY, KYNC, EEENF, CYBL, TSOI, NTSFF, RGBP

watchlist

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