Hit support from yesterday but not oversold yet. Gonna wait until tomorrow, maybe buy some calls or maybe stock for Friday.
Indicators aren;t cycling from oversold to overbought, so probably just doing a small play.
Indicators aren;t cycling from oversold to overbought, so probably just doing a small play.
Comment:
I don't see any reason to go long today, if CPI numbers come in above expectations, any call option will get wiped out. Not worth the risk when the market seems to be trading on news more than indicators.
My do a kicks and goggles bet with weekly puts on something EOD, just so I wake up early tomorrow.
My do a kicks and goggles bet with weekly puts on something EOD, just so I wake up early tomorrow.
Comment:
XLF is sitting right at $35 right now, so you could do a straddle as a safe play. I'd be more inclined to just short it, lol.
Be careful, market will tank if it's even slightly above forecaast