Premarket is deeply in the red and looking ugly. I anticipate moves lower across the board on lower than average volume. News of a new Covid variant is spooking the market. Sitting out until the market digests it.
Shorting GLD or buying puts may be a quick trade today. Often traders liquidate their GLD position first if they need to cover a margin call.
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PYPL - The 8/3 gap was filled on 2/1 at 89.63 and tested again. The most recent candles have been relatively large and green closing above the .5 fibonacci level. The 9 EMA crossed the 20 EMA shows
AES - AES made a "golden cross" on 9/1 and the daily candle made a bullish engulfing candle. In addition the Bullish Engulfing candle closed above the (weekly) descending trend line of the triangle. O
DCPH - Price is working its way to the end of the wedge and closed above the 1.61 fib level after pulling back from a bull flag . OBV crossed its 20 day EMA , D+ crossed D- on the ADX and the MAC
