Germany CPI rose more than expected but apparently that's good news because FDAX is up 1.4%, lol. Everything is overbought now, financials just touched red.
US PCE tomorrow before open, expected number is 0.4% so we could see another "disinflation" pump premarket. Think I'm just gonna sit this out until next week and buy when MFI hits oversold.
Missed out this week because I got overly cautious and bailed on my long positions Monday, oh well. You know my rule, never kick yourself when you've made money.
US PCE tomorrow before open, expected number is 0.4% so we could see another "disinflation" pump premarket. Think I'm just gonna sit this out until next week and buy when MFI hits oversold.
Missed out this week because I got overly cautious and bailed on my long positions Monday, oh well. You know my rule, never kick yourself when you've made money.
Comment:
All indications are tomorrow will be a pump and dump day. Bonds are already priced in for no rate hike, so does PCE matter then?
Algos will make their money, so they gotta gap it up, lol. Might day trade tomorrow if they do.
Algos will make their money, so they gotta gap it up, lol. Might day trade tomorrow if they do.
Comment:
My guess for tomorrow is still pump and dump
I suggest putting XLF on your watch list, the market isn't going to rally without financials. Even in a bull scenario it looks like it wants to do an inverted H&S pattern. Bear case is another tank obviously.