Market Notes:
Overnight a US official stated the trade deal with China was "over" and futures fell nearly 2%. The President stated that the deal was "fully intact" a few hours later. Futures are positive now, up nearly 1%.
The US is expected to announce new tariffs on Canadien aluminum. So we know some trade tensions still exist but not with China at the moment.
China is under pressure from the US for the handling of COVID-19. China is also involved with a military conflict at a disputed border with India.
Domestically was seeing an increase in COVID-19 cases and hospitalizations. These numbers don't appear to be a major concern for the markets at this point.
Watchlist:
FFHL is a low float flying in the premarket. On watch this morning
NEON is a low float, watching for a breakout above $10
ATOS is a low float, resistance at $4
KIRK is a low float, resistance at $3.60
TRIB is a low float, support at $2.25
FUV is a low float, resistance is at $4
NAVB is a low float, support at $4, resistance at $4.25
FPRX is a lowish float, resistance at $6.65
LPCN has resistance at $1.20
AQMS watching for a setup above $1.32
AFMD watching for a continuation
WKHS has support at $6
TRIL watching for a continuation
IDEX has resistance at $4
MVIS has resistance at $1.90
MNKD key level at $2.20
Watching for a continuation means...? I'm very new.
Let me rephrase - what does "watching for a continuation" mean?
@TheWriter I just mean I'm watching for a continuation from the previous day's momentum. Stock in motion tend to stay in motion.
Thanks
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