MFI hit oversold as predicted, same with NQ. RTY is a bit interesting, RSI hit oversold but MFI didn't.
Not sure which way the market gaps tomorrow, but it is Ponzi Friday, and it looks like the market wants to pump going into the Fed meeting because Powell told Congress last week that he's cutting rates. It's the Village Idiot rally, lol.
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I'm beginning to wonder if the Village Idiot is doing it for political reasons, and trying to pump the market for Biden. I'm sure he prefers working for Biden and not Trump.
If that's the case, expect the rally to continue until November.
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looks like another bear trap setup for Ponzi Friday, lol
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So I bought PCAR stock yesterday, no idea why it jumped $3, but I'll take it, lol. Had 1k shares, made my money for the week, I'm done.
That's kind of the sentiment I've been hearing on podcasts for weeks- also the trope that once the fed pivots, then the market tanks! If they don't cut in July, though, real hard-pressed to start a cutting cycle 90 days before a presidential election and not call it political!