21-Aug

FOMO fever fades

Hello SpikeTraders,Market’s steady rise off its June bottom had sent speculative juices flowing, and by early August the notorious FOMO (fear of missing out) was in full swing. That wave may have crested last week, with spectacular sinking spells in well-known ‘meme stocks’ such as AMC, BBBY, GME, etc, as well a whole lot of newer ones, such as SAVA and VERU. Each morning I take a quick glance at bitcoin – not to trade but as a measure of speculative temperature, because that’s where gamblers are. Last Friday this ‘currency’ went down over 10%.Let’s take a look at our charts.

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