Must have fat fingered it... Thur-day Market...

On OTC - Nice consolidation yesterday, but one trading day does not make a trend. Looks today like the mental resistance was broken by over anxious spec players, probably with expectations of a PR concerning the recent product sales startup and numbers. So, we are seeing another day of consolidation, and right around the 8DayMA (some Day Traders use this level). Next resistance is the four bit mark, both as mental and 50DayMA, and may be a tough nut. Next resistance after that one, is BBmidpoint at 0.55'ish which lines up with 34DayMA (other Day trader tech). Forming a cross, or shooting star today, so could be a reversal of this overall downtrend correction (if that makes sense). Be aware.

S&P and Dow - Market seeing 1% downside. Good ol' EU doing it again. Showed more downside earlier. Typically, the last half of January will see selling/profit taking in the Market after the Santa rally. Many stocks have seen strong upside moves since the New Year, so it is time. My watch list is pretty much red with a couple of NatGas plays green (plus DROP green). Just part of the ups and downs of the Market, so no need to panic, but might be a trading opportunity. Will be some good plays out there to establish a position between now and the end of the month. Perform your DD and stay diversified.

Commodities - Thought I would add this as medical/healthcare is only somewhat related to DROP at this time. So, commodities might be a bit more fun and reveal possible trades because sometimes commodities run counter to the Market. Oil pulling back, but may be a decent inflation play. Lots of Gold spreads buying action by bank(s) indicated, so Gold should see $2k plus by June. Silver still showing a broken chart, but will follow later. Silver resistance at $30 is rough and once it is established above that level for several trading days, then it should be a safer play. Grain report yesterday was a good one, so bad for grain plays. Don't believe it. Grains will move up on inflation, and short supply with big demand.

Hope the best for everyone's plays. Have a great weekend.