Oversold on RSI and MFI, should've stayed bearish yesterday and bought some puts, lol.
Anyways, went long on some PCAR stock for the gap fill play. Chart formation and daily indicators show a potential for more downside for ES/SPX/SPY, so definitely not holding past tomorrow.
Anyways, went long on some PCAR stock for the gap fill play. Chart formation and daily indicators show a potential for more downside for ES/SPX/SPY, so definitely not holding past tomorrow.
Comment:
Market looks like crap but tomorow is Ponzi Friday so I'm holding. I'm up a little anyways.
Trade closed: target reached:
Got my PCAR gap fill and SPX was up only 15 pts, so I'm out.
Made couple k's, not the best week, should've shorted since I was bearish on teh Fed, but never kick yourself when you've made money, lol. Done for the week
Made couple k's, not the best week, should've shorted since I was bearish on teh Fed, but never kick yourself when you've made money, lol. Done for the week
Comment:
Note, this is how I made money last year in a bear market, just look for trades you are familiar with. Pretty impressed with PCAR the stock though, market is barely green and it regained everything lost yesterday on a major tank day.