Slow trading session. Reddit’s wallstreetbets’ new sweetheart Clover Health is up by 85%. Rally in AMC is cooling off, but GameStop could push higher before and after earnings announcement due today.

Elsewhere, US-European Trade and Technology Council could give a boost to semiconductors.

Bitcoin found solid support near $31K, but the death cross formation will likely be the next important technical test.

Oil is higher on US inventories decline last week, but upside may be limited above the $70 per barrel handle.

 

This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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