Submitted by NSIsmartnews t3_zz1uqc in wallstreetbets

Market Sentiment at the Open:

Another low volume day. With Tesla delivery numbers due over weekend, swing in stock expected

Markets open full time today. Monday closed

Bulls may like this

  • Asia-Pacific markets rise in final trading session of 2022
  • China appointed its ambassador to the US, Qin Gang, as the new foreign minister, as the nation shows signs of moving back to a lower-key diplomatic strategy

Bear thesis

  • Chinese military jet buzzed US Air Force plane just 20 ft away in South China Sea
  • As Covid-19 infections surge in China, the U.S. Centers for Disease Control and Prevention is considering sampling wastewater taken from international aircraft to track any emerging new variants
  • U.S. and global health officials are worried about lack of transparency from China on Covid outbreak

Stock Specific

  • Southwest Airlines says holiday meltdown will ‘certainly’ hit fourth-quarter results
  • Baron's indicates that Musk dodged margin call today. Delivery numbers expected over weekend- 425,000 expected for the quarter
  • Cathie Wood still buying & averaging down TSLA holding
  • Cathie also added $5.5 Million in COIN.
  • AMC: Avatar is now one of six movies in history to hit that milestone in its first two weeks on screen
  • A congressional report over BIIB‘s Alzheimer’s drug, Adulhelm, said that Biogen set an “unjustifiably high” price
    Other news
  • Biden signs $1.7 Trillion funding bill
  • RIP Pele

Significant Events Calendar:

Time >>>>> Event >>>>>>> Interpreting the report (Oversimplified)

09:45 ET >>> Chicago PMI >>> Not much impact

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VisualMod t1_j28whof wrote

>From a technical standpoint, the market looks like it is setting up for a move to the downside. The bulls have been unable to push prices higher over the past few days, and now we are seeing some bearish momentum building. I would be cautious about taking any long positions at this time.

4

VisualMod t1_j28wh5d wrote

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^^Discord ^^BanBets ^^VoteBot ^^FAQ ^^Leaderboard ^^- ^^Keep_VM_Alive >TL;DR: * Stock market may be due for a swing this week. Tesla delivery numbers coming over weekend and stock price has been volatile around that time in the past. Also, Covid cases have risen sharply in China and the US is considering detecting variants via wastewater. Cathie Wood bought TSLA and COIN today

1

Neofreeocon t1_j2ajf8h wrote

It doesn’t seem LUV has the latest fiasco priced in yet and earnings is right around the corner. Thinking of loading up on puts.

1