A large part of the decline which started over the lunch hour has been the tone from Fed Chair Powell who in his testimony seems to have taken a 180 degree turn from Dove to Hawk almost overnight as it were.
This stock made another new all-time high yesterday but today is slipping dramatically this afternoon. The trade is setup to return 4%.
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2nd Trade Alert and Idea for Wed Dec 1 2021
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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