Almost went oversold premarket then bounced. Indicators are all over the place, no real definitive direction. I don't see anything that indicates a tank coming so I decided to play PCAR earnings after all. Wish I had done it Friday, lol, but you know me, I don't really like holding stuff over the weekend.
No other position, moving some money around this week. The PCAR bet is with my retirement account, since I made so much money off that stock I figured if I lose a bet, it's no big deal.
No other position, moving some money around this week. The PCAR bet is with my retirement account, since I made so much money off that stock I figured if I lose a bet, it's no big deal.
Comment:
Chart formation-wise this looks like a bull flag. Maybe we get that gap fill after all.
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Just more whipsaw, lol.
Comment:
This entire week is just a bunch of earnings bets:
- Tues AM: PCAR, UPS, MMM
- Tues PM: MSFT, GOOGL, V
- Wed AM: BA
- Wed PM: META, NOW, ORLY
- Thu AM: MA, LLY
- Thu PM: AMZN
- Fri AM: XOM, CVX
Might as well trade the one stock I'm bullish on and call it a week, win or lose.
- Tues AM: PCAR, UPS, MMM
- Tues PM: MSFT, GOOGL, V
- Wed AM: BA
- Wed PM: META, NOW, ORLY
- Thu AM: MA, LLY
- Thu PM: AMZN
- Fri AM: XOM, CVX
Might as well trade the one stock I'm bullish on and call it a week, win or lose.
Comment:
ES MFI is almost oversold again, all other indicators are neutral including FDAX.
Doesn't really look like the algos want to run a pump and dump during earnings. Just remember the market is pretty stupid, they pumped crap earnings last quarter.
Doesn't really look like the algos want to run a pump and dump during earnings. Just remember the market is pretty stupid, they pumped crap earnings last quarter.
Comment:
Has anyone else noticed that the major indices have completely flat lined the entire month? I can't recommend trading any index options, just premium burn for both bears and bulls.
I'm leaning bullish this week as soon as ES hits oversold, but gap direction will depend entirely on earnings listed above, and I don;t have a good feel for the tech stocks.
I'm leaning bullish this week as soon as ES hits oversold, but gap direction will depend entirely on earnings listed above, and I don;t have a good feel for the tech stocks.
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Also PCE Friday before market open, supposed to be flat with last month at 0.3%
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Futures red, indicators still neutral and not showing much
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Market direction is gonna depend on earnings tonight.
Closed my PCAR position for $3k profit, taking tomorrow off for my birthday. Probably just more whipsaw anyways. See you guys Thursday.
Closed my PCAR position for $3k profit, taking tomorrow off for my birthday. Probably just more whipsaw anyways. See you guys Thursday.
Comment:
Looks like the market is red on FRC deposit numbers and UPS earnings & guidance.
Gap direction tomorrow depends on MSFT and GOOGL. Staying cash.
Gap direction tomorrow depends on MSFT and GOOGL. Staying cash.