Coronavirus is back in the news in a big way now that omicron is officially here.
After retracing Tuesday’s move down, the mid-day news of the first confirmed U.S. case sent the trading algorithms on a sell-off as equities plunged back into the red.
Tune in Thursday and it was back to the races as traders rushed in to buy the dip…
Even travel stocks caught a BIG bid during Thursday’s omicron reaction rally.
If there’s one industry that hasn’t truly recovered since the world shut down back in March 2020, it’s travel…
Other than the vaccine news and reduction of travel restrictions, we haven’t seen many positive catalysts.
Personally, I’ve been looking for a good place to get on board. And although they’ve been close a few times, I’m here to tell traders that now is not the time to get sucked into the omicron travel stock rally.
Thursday’s Omicron Travel Stock Rally: The Difference Between Trading and Buying
The simple truth is there’s still too much we don’t know.
We’ve seen reports of the viral variant being more easily transmitted. The same reports also say it could be resistant to the current arsenal of vaccines.
There are also lots of stories saying the illness omicron causes is less severe than the strains we’ve already encountered…
But that could all change in a few weeks because the medical community doesn’t have the data to tell us which way is up.
And that margin of error leaves a lot of room for price movement, and bottom-fishing can be a great way for retail traders to blow up an account.
That doesn’t mean there won’t be opportunities to trade these names — members of my 3D Profit Surges scored a recent overnight win on Delta Air Lines Inc. (NYSE: DAL)!
Delta board member — and Chair and CEO of The Procter & Gamble Co. (NYSE: PG) — David Taylor stepped into the market to pick up over $200,000 worth of stock on Black Friday.
This purchase came after repeat buys this past summer when delta variant cases were ramping up and airline stocks were taking a hit.
With the information we have on omicron and given that Taylor was right the last time, this was too good of a spot to pass on.
The alert went out to members during Wednesday’s sell-off, so when omicron fears faded as Thursday’s rally spiked the travel stock’s options 33%, the only thing left to do was take the profits and run away as fast as possible!
Don’t get me wrong, I love travel names. And I know their day will come again, but this isn’t a market where we can fall in love with them.
Check out the video below and let me break down the win from Thursday’s omicron travel stock rally…
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