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:
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