OTC - DEGH/DROP Overall sp trend is still down. Usually there are pauses, or reversals, of folks getting in too early trying to cost average or think its the bottom. Therefore, SP never goes straight up or straight down for long, so be aware. 0.40 will be a mental resistance, as well as four-bits (fifty cents for you youngsters) will be resistance, which happens to line up with the 50DayMA. Supports are as follows: 150DayMA - 0.35'ish,Lower BB and 200Day MA - 0.27'ish. Thinking there may be a PR soon about recent product sales. But, like with any company, expectations of company updates to stockholders, are always high.
S&P and Dow - Market may not like the jobless claims numbers. Might be flat to downside today. Gold taking off in London overnight. GDXJ getting close to upper BB,so choose wisely on juniorminers. Not a bargain if below 50dayMA, so be safe and let the other guy move it before making a move. Noticing that all of the big oilers I follow, their OBVs shows distribution while sp moved up, plus many are toppy. Might wait for re-entry on those. Banks looking good, but toppy/overbought. Commodities look like a decent bet on inflation.
On the road today, so likely no DEGH/DROP updates until tomorrow.
Hope everyone's trades work out well.