Extremes are Worrying- December 11th, 2020
The trucks are now rolling out Pfizers vaccine this weekend after the FDA approved it late on Friday. That’s huge! So vaccine injections start Monday. We also have the Fed meeting Tuesday and Wednesday. Moderna’s vaccine is up for approval on Thursday December 17. But that’s not all for this week. To round out the week, we have options expiration (OE) Friday. The last 4 years, this OE has been a positive swing and the market runs into the new year. It all adds up to lots of reasons for volatility. We still have the possibility of a stimulus package.
Two Get Approved- December 18th, 2020
The Pfizer vaccine rollout continues. The Moderna vaccine got approved. More vaccines are in the approval pipeline but look to be later in January. JNJ. Astrazeneca. With my strength indicators weakening and the majority of good news out about the vaccines, it seems like the market wants to pause here. Until you look at Tesla stock. The roaring 2000’s 2020’s.