Is the Sell Off in Equities and Crypto Inflation Related or Just Year End Profit Taking and an Update on a Dynamic Bio Company

New report coming at market open tomorrow Monday 12-6-21

Hello and welcome to all of our new members,

Both equities and crypto currencies took a hit this past week. It appears investors are trying to get ahead of recent statements made by Fed chair Powell regarding decreasing Fed support for mortgage-backed securities and Treasuries. Of course, that hasn’t happened yet.

Here’s what last week looked like:

DJIA off 1.5%
NASDAQ off 4.1%

I know some of you believe the recent sell off in equities and crypto currency may be inflation related but it’s equally as likely to be year-end profit taking. Look at where 2021 started:

DJIA 31,097
NASDAQ 13,201
Bitcoin $29,388
Ethereum $775

I look forward to seeing if the current sell off leads to a “January effect” where investors strongly buy investments and start the process over once again. The benefit to a sell-off like we are experiencing right now is that it exposes oversold and value priced opportunities.

We want to update you on a bio company we’ve reported on before. It’s a NASDAQ bio company whose value has consolidated to an attractive level and trading well below its 52-week high. I’m excited to bring you this report because, not only because I think the price right now is an opportunity, but because the potential for near term catalysts seems high.

The company is trading at a fraction of its recent high and I like the chart setup.

Stay tuned and stay informed

The Traders News Group