Market players didn't trust early strength after a series of intrada reversals, but they are showing some inclination toward dip-buying, and that is helping the action. Breadth has been improving nicely and is now at around 4750 gainers to 2900 decliners. The pockets of big momentum are still narrow, but traders still have an appetite for fast action and are moving a few things.
I see very few strong chart setups right now, but I am inclined to buy low-volume weakness in some favorites like Elys Game Technology (ELYS) , urban-gro (UGRO) , and a few others. I'd rather be buying strength but will buy some pullbacks when they start to look extreme.
One group on my radar this morning is lithium miners. I've added Standard Lithium (SLI) and am watching Livent (LTHM) and Lithium Americas (LAC) .
DatChat (DATS) is on my radar, and I'll be looking at that more carefully if it can go green.
I am particularly interested in Hut 8 Mining (HUT) which is a cryptocurrency miner. The stock was looking great into the close, but they announced a secondary at the close last night and priced it at $8.55. I'll discuss how I am trading it in my next post.
This market isn't offering much right now, but there are better bids today, and breadth is improving.
