Looks to me like RSI and/or MFI needs to hit oversold before we get a bounce. Gap direction tomorrow depends entirely on earnings. If it gaps up, I'm thing another whipsaw day, if it gaps down NQ ($NDX/QQQ) will lose support and we could see a substantial drop.
No positions because tomorrow is my birthday. Taking the day off and going drinking tonight, so don't expect an update at all, lol.
Aside from that, the last thing I want to do is guess the wrong direction on MSFT/GOOGL earnings and start my birthday off in the red.
So I'm all cash, puts another $3k in my retirement account on PCAR earnings, that could wind up being my only real trade this week.
(Remember I was planning on taking the week off and decided over the weekend to play PCAR earnings). NO UPDATE TOMORROW MORNING. I might post an update if ES or NQ go oversold. RTY will get there first, but RTY is not as reliable.
Good luck.
No positions because tomorrow is my birthday. Taking the day off and going drinking tonight, so don't expect an update at all, lol.
Aside from that, the last thing I want to do is guess the wrong direction on MSFT/GOOGL earnings and start my birthday off in the red.
So I'm all cash, puts another $3k in my retirement account on PCAR earnings, that could wind up being my only real trade this week.
(Remember I was planning on taking the week off and decided over the weekend to play PCAR earnings). NO UPDATE TOMORROW MORNING. I might post an update if ES or NQ go oversold. RTY will get there first, but RTY is not as reliable.
Good luck.
Comment:
I posted an update earlier on NQ before market closed because RSI went oversold on every index. (Hey, I predicted it would earlier in this post)
MSFT, GOOGL, V all beat, PACW is also up big AH. Appears market will be gapping up tomorrow, financials are gonna bounce up.
MSFT, GOOGL, V all beat, PACW is also up big AH. Appears market will be gapping up tomorrow, financials are gonna bounce up.
cathiesark.com/arkk/trades
lol.