Pfizer Up in Pre-Market, Bitcoin Fails at Right Spot

Pfizer is at a higehr high in premarket, let's see if it holds. The stock market reflects the truth of what the masses believe, not what is actually true. To make money, bet on what others think, not what you know is correct. Even if you know the vaccines don't work, but you also know lots of idiots think it works, then buy Pfizer. That's why I respect Soros for taking on the Bank of England. And why I'm adding a sidequest of sinking the vaccine makers.

For today, Pfizer being up is mildly bad news for the stock market. If the omicron panic was fading, the vaccine makers should give back a big chunk of their gains and the stock market should be gaining back the same. Instead, the rally stalled overnight and Pfizer is creeping higher.

BTC failed at the spot that bears are looking for on many charts. I'm not shorting BTC here, but it's encouraging if it can't climb above that horizontal becaus I view BTC as the leading indicator of speculation.

Many charts look like BTC, for example here is SPY.

The "perfect" short-term scenario for bears is a bounce up to that gap at the horizontal and then failure that resumes the sell-off. Many people think Friday was omicron and not something more organic to markets. The psychological shiv will come if omicron fear fades, but stocks make new lows anyway. For today, the think to watch is those gaps/horizontals if they're on your charts. For the short-term, bulls want to blow through it on strength. Bears want a kiss for luck and we're on our way...