November 14, 2020

To gain an edge, this is what you need to know now.

Stock Market Mechanics

Please click here for a chart of S&P 500 ETF (SPY) which represents stock market benchmark index (SPX).

Note the following:

Real bad headlines are expected about the virus over the weekend.
The buying today is not just the momo crowd but also a short squeeze.
The momo crowd is buying in anticipation of more bad virus news. The momo crowd is a believer in the theory that the worse the virus gets, the higher the stock market will go.
In this morning’s Morning Capsule we wrote: