Broken024
Member
Might ---- with some zero day spy options today. If it opens down 2% might buy some calls and hope for a rebound up to 1%.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Just ring the bell already, be done with it.
10 mutations in the spike protein binding site, delta has 2 mutations in the binding site. The market always knows…privileged info makes its way to the market earlier than we get news, this is not good. OR it’s panic on low liquidity and leverage unwinding. Which one is it?
I don't understand...the market didn't react to delta like this...what does the market know about this variant that is so scary? I don't get it...
There’s the possibility that the Variant could be more transmissible than Delta and more antibody-resistant then Beta.
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Broken024
Member
Hey its 2020 again
Gap down on a short trading day? This is just weird. Manipulation or big money pulling out in anticipation of a bad news weekend?
MRNA market cap up $27billion today and their vaccines are, supposedly, ineffective against the virus strain thats scaring the market today. How do you even invest properly these days?
No clue...this is such a momentum market totally disconnected from the economy and doesn't trade on fundamentals. Army of retail folks that only knows if you buy the dip, buy OTM calls you will make a ton of money.
Broken024
Member
Think that's just speculation at this point.
I get that but if the vaccines were working why would the US market care at all about a new virus strain? I can’t make sense of it. Maybe they’re banking on increased fear due to the new strain and thus more booster shots will be sold here regardless of effectiveness in the next quarter?
Bitcoin down nearly 10% as well. What a day
Broken024
Member
The vaccines are working very well vs death/serious illness. No one knows on this variant. I read that they can tweak these mrna vaccines very quickly to adjust for variants (problem is long trials required). But yes market could be betting on additional vaccines.
Holy VIX ? 
S&P futs with a big engulfing red candle. This doesn't inspire confidence to finish the year but it seems like every time the markets are about to fall off a cliff buyers come racing in. It's been 20 months since tech or S&P have touched there 200dema. I expect a rally into Xmas...
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GeorgiaGirl
Member
I'm guessing that we gap down on Sunday night/Monday morning and then reverse...I don't see the S&P going lower than the September ATH.
If I'm wrong, then I will most likely be wrong about the 10/14 gap up not filling completely for a while, and I suspect 4290 would fail even if it is that mythical 200-day moving average that hasn't been touched for a while. It was a support area 3 times in October, and every time support is hit, it weakens. I think a 4th time would fail and you'd probably at least see 4100.
What will also be interesting on Monday is how bonds and oil move. That oil move was seriously cray, and a good reason why we probably need to see what happens on Monday.
If I'm wrong, then I will most likely be wrong about the 10/14 gap up not filling completely for a while, and I suspect 4290 would fail even if it is that mythical 200-day moving average that hasn't been touched for a while. It was a support area 3 times in October, and every time support is hit, it weakens. I think a 4th time would fail and you'd probably at least see 4100.
What will also be interesting on Monday is how bonds and oil move. That oil move was seriously cray, and a good reason why we probably need to see what happens on Monday.
Broken024
Member
Futures have decided Omicron is a beta -----. Up bigly.
I think they overacted on Friday. Even if Omicron evades antibodies more than Beta and makes the vaccine less effective against infection, the T-cells should be good. I've seen studies that it's impossible for COVID to evade T-cells through mutations.