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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: da_spot who wrote (53525)	12/21/2020 1:11:11 PM
From: Johnny Canuck	Read Replies (1) of 69149

SI making a strong run today. Still not a stock I would normally hold. I know traders are looking at an alternative to holding US dollars and other currencies due to the high debt most countries have incurred during the pandemic but I have my doubts it is a store of wealth and a hedge against devaluation of specific currencies. The $32.9 Billion SI transferred last year is a drop in the bucket on the national and international stage in terms of cashflow for a bank. Enjoy the ride. Not seeing any new except some reference to Elon Musk referring to crypto currencies, Adding it to my watchlist as a cult stock to gauge market sentiment for now.

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