Tomorrow's Watchlist

I was shopping for a new bike and the website displayed a pop-up with the message “Buy now before Tariffs.” That pretty much sums up my read on the CPI/PPI numbers due later in the week. Businesses don’t need a reason to raise prices but if you give them one they will.

If you are still day-trading this market, market mechanics are going to become even more important as “technicians” begin to blow up. Support/Resistance lines only work if a lot of people buy into to the same line. There are however legal lines to pay attention to.

Watch for stocks intraday getting close to the $1.00 bid price threshold like NASDAQ:$BTM just did. Because of the new SEC Rule change it is expected that this price will be defended. This bounce made 30%. Most screeners can find stocks at all-time lows < $1.00.