Market Notes:
September started off in the green. More stocks are turning bullish from the slump we saw in August. ~60% of stocks are above their 50-day and 200-day moving averages.
My scanner was full for a change with lots of stock breaking out of local and long-term ranges.
Don’t ignore crypto … Bitcoin is looking for acceptance above $50,000. NFTs, VR/AR, and metaverse plays are starting to show life. Recent gains are holding…
I’m growing more bullish even though the timing isn’t what I expect. The market may wake up early this year … remember nothing happens in a vacuum and the Fed is still buying like crazy.
I’m bullish and will go risk on for the perfect setup.
Watchlist:
*GIGM has support at $3.20
*TKAT has resistance at $13
*GAMB is on watch
*FCUV is on watch
*BBIG is on watch
INCR is on watch
EVC has resistance at $8
PAVM has support at $7.80
CANO has support at $13 and resistance at $14
HUT has support at $8.35
CIDM watching for a setup above $2
OTC (on watch, no levels):
DPLS, NSAV, LCLP, LWLG, RGBP, DXLG, CCAJ, LIACF, TLSS
