Commodities SKID as Biotech and EVs Bid

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Free TheoNight Report - for Monday, August 9, 2021 by Brandon Chapman - Commodities SKID as Biotech and EVs Bid

 

Gold and oil see red as biotech and EVs were bid strongly (QS, PLUG, FCEL). The option activity points to a potentially volatile week in Biotech (MRNA, CLOV, NVAX) and EV names as the RSI indicator for the S&P 500 is sitting at an extreme level…

 

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