Commodities + Selloff Roadmap for SPX and Highly Speculative Stocks: HIMS, TEM, QBTS
$GLD $USO $SLV $URA $HIMS $ONDS $TEM $IONQ $QBTS $TSLA $DOW
Hi everyone,
What a day! The U.S. stock market plunged almost 2% today amid heightened funding stress in the repo market, where rates spiked to 4.22%—their highest in months—driven by the prolonged 43-day government shutdown that drained liquidity by swelling the Treasury General Account beyond $1 trillion and halting critical economic data releases.
This surge in repo rates, signaling acute short-term borrowing pressures, forced banks to tap a record $50 billion from the Fed’s Standing Repo Facility, eroding investor confidence in the financial system’s stability despite the shutdown’s end yesterday.
With the Federal Reserve now “flying blind” on key inflation and labor metrics ahead of its December meeting, traders slashed odds of a rate cut to around 60%, amplifying fears of a hawkish pivot and broader economic slowdown.
We ran another set of names through our algo to establish demand zones that can help you decide if it’s time to buy the dip, sell puts lower or stay away from those names. Today, we’re going to look at: $HIMS, $ONDS, $TEM $IONQ $QBTS $TSLA.
Lastly we’re going to give you a new trade idea.
So let’s begin!
SPX Levels
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