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

First Omicron Case

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

  • The chart shows that aggressive momo buying on an assumption that omicron is no big deal combined with blind money front-running caused a strong rally at the start of the day.
  • The chart shows when the rumor started on the first omicron case in the U. S.
  • The chart shows the rally started losing steam on the rumor.
  • The chart shows when the rumor was confirmed.