Overall Market has been getting crushed as all of you may know. Today though, we had a nice little rebound. Consolidation is healthy but I will continue to watch the S&P as well as DOW for more potential weakness as this was the biggest crack in some time. I will be shifting my focus more to the short side as of now and especially focus in on OTC's tomorrow as the plays from my Listed Scans all seem to be bouncing off of support now...
$ARREF: Resistance at 1.10, will look for morning strength to short into risking off that level, if we break I will be willing to adapt and switch my bias quickly and maybe even buy on the dip if that level holds
$BTCS: Former runner than is right down at support now just under 0.010, potential dip buy if we see some strength and a decent trend up in the overall market. I'll doubtfully be willing to hold overnight if that opportunity occurred late day simply because times are volatile!
$BUDZ: Made a nice short on this the other day when it cracked the 8.50's, went down further than I expected but I took a solid gain. It has been bouncing the past couple days now so I will treat this bounce as a potential short opportunity unless it proves otherwise..
$CANN: Similar to above play but this one cam down a lot further. Bounced off support and is now trending nicely up, will look for a potential dip buy opportunity if volume keeps up and support levels hold!
$CBIS: Another weed play bouncing off the breakout level picture perfect, might be attracted to a dip here as well but needs volume to top that off!
$EMHTF: Clean daily chart but will watch for a lower high to occur on the bigger picture or a breakout if it proves otherwise. Again, I don't have issues switching my bias. Will consider overall market conditions beforehand.
$FFRMF: Clean bounce as similar to a lot of the others but will probably look to short into some type of resistance on this one if it can get a little higher.
$IMLFF: Same bounce deal here but will look for potential continuation on this one as it proved it can hold the breakout level nicely forming an indecisive candle at support then perking off that level near 0.70 0.65.
$OGRMF: Potential short into some more strength if it has any left. Will watch for weakness as well here as this is up a bit on the daily, had a double top, then cracked nicely.. It did hold support rather well similar to a lot of these others so will keep an eye out.
$RCAR: this stock has had a steep run up as of late JAN on top of being up for a few months before that. Monday we had a nice first red day then today we are back up near the former highs. Volume was much lower today though so I will look at this as a potential short into resistance tomorrow for more potential downside.
Keeping an eye on $PHOT
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