Market Notes:
The Fed is scheduled to start buying junk bonds today as the money printer goes full speed.
As the money supply increases, I have found it interesting that the demand for Bitcoin, despite the halving, has not seemed to increase yet. However many low float stocks were on the move yesterday. Not making a conclusion here, just taking note. Everything comes down to supply and demand.
Yesterday markets opened down, eventually went positive and end up flat on the day. Clearly dealing with resistance at this level. Watching for a breakout or breakdown.
The VIX remains relatively low and futures are positive right now. I'm still cautiously bullish.
Watchlist:
CREX is a low float resistance at $4
ANY is a low float support at $1.60
MRAM is a low float, resistance at $6
RVP is a low float, on watch
NBSE is a low float, expect support at $8.85
MLND is a low float watching for a setup above $2
CJJD is a low float, watching for a setup above $2.90
PRTS is a lowish float, earning winner, watching for a setup above $5.10
MARK was yesterday's big winner, watching for a continuation
MCRB watching for a setup above $5.50
FLDM has resistance at $5
WTRH watching for a setup above $3.50
BCRX watching for a continuation
ZNGA has resistance at $8
Thats a good diverse watchlist. I will get back to posting my list, took a step to study and reset a bit
Thanks for sharing
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