I’ve been watching the rising level of support for the past two weeks. My theory is as long as it holds the market will continue to climb.
Look close at yesterday’s close and you can see a clear break…
Another change I noticed was my scanner … it dried up completely. I went from 18 stocks on my listed watchlist to just four today.
It’s September and the seasonality of the market is probably just catching up … Finally. But remember the FED is buying, so I’m not ready to turn bearish. I’m watching for the opportunities to resurface.
It’s triple witching week. Earnings season is over. There’s no reason to buy stocks, attention is shifting to…
BITCOIN! It’s still holding up extremely well after weathering some turbulence. Institutional investment is pouring into the space. I’m watching this sector for big moves headed into the fall. But I’m willing to wait for the right moves.
I’m risk off.
OTC (on watch, no levels):
SRUUF, ILUS, ISWH, PALAF, HRAA, PHIL, PSRU, PGLO