Reddit WallStreetBets new sweetheart up 85% [Video]

Ipek Ozkardeskaya ipekScope

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.

Author

Ipek Ozkardeskaya

ipekScope

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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