3hr hit overbought, unemployment number tomorrow before market open. Decided to just close out my long positions because 5k was my target.
My guess is down tomorrow then up on Ponzi Friday, lol. Might stay out until after CPI next Tues. PPI next Friday should be good news....
Not sure if or when I'm gonna get back in, playing it by ear. Everything I owned was overbought on the daily, made me really uncomfortable, lol. Can't really recommend shorting anything though. That's gonna require perfect timing and prediction of "news", the indicators don;t work during a melt up.
My guess is down tomorrow then up on Ponzi Friday, lol. Might stay out until after CPI next Tues. PPI next Friday should be good news....
Not sure if or when I'm gonna get back in, playing it by ear. Everything I owned was overbought on the daily, made me really uncomfortable, lol. Can't really recommend shorting anything though. That's gonna require perfect timing and prediction of "news", the indicators don;t work during a melt up.
Comment:
MFI actually went further into overbought, market drifting sideways.
Bond auction at 1pm. Bought 10 contracts TLT puts just to see what happens.
Bond auction at 1pm. Bought 10 contracts TLT puts just to see what happens.
Comment:
Wow, bond yields actually went down, bailed just in time
The melt up continues, lol.
The melt up continues, lol.
I don;t expect the market to tank any time soon though.