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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 652.53

-1.5%

Nov 20 4:00 PM EST

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To: Johnny Canuck who wrote (53374)	11/13/2020 4:02:02 PM
From: Johnny Canuck	1 Recommendation of 68168

Chart of PFE is interesting in that it indicates traders are not so sure of the impact of their vaccine announcement. Part of it can be that traders do not think it will have an impact on EPS till more than 9 months down the road as trader look into the future or part of it could be traders are spooked by the CEO selling $5.9 mill in stock recently. PFE is going sideways like the market right now. It may be a bit of a surrogate for the next little while as the economy is tied to the deployment and acceptance of the public of a vaccine.

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