Market Notes:
Remnants of Hurricane Ida have devastated parts of the Northeast including New York City and Philadelphia. High water rescue missions were conducted in Central Park.
Long term the market doesn’t care about natural disasters but since the region affected is so closely tied to the markets watch for lighter volume today as the area begins to dry out.
September still points towards gains and risk tolerance is growing. More than 60% of stock are now above their 50 and 200 day moving averages. 10% posted new record highs yesterday.
Bitcoin is still struggling to find acceptance above $50,000. A bigger breakout appears imminent.
I’m risk on.
Watchlist:
*APOP is on watch
*ANY has support at $7
*PETV has resistance at $4
*BBIG is on watch
BTCM has support at $10
OPGN has support at $3.50
GRTS has resistance at $11
KPLT has resistance at $6
HUT has support at $9
NXE has support at $5
OTC (on watch, no levels):
DPLS, LCLP, LWLG, RGBP, LIACF, SRUUF, LUSI
