Really stupid, lol. Market pumping the obvious, Fed is going to slow the rate increases.
I think the algos want to fill the open gap. I'm just not bullish enough to play this stupid market. I did call it though, they pumped the Fed minutes.
My biggest issue is that my favorite plays (PCAR, GM, EWZ) are all played out and none of them rallied today so I wouldn't have made any money anyways. The big movers were TSLA and garbage stocks like SFIX, U, OKTA, COUP (lol), etc. I should have gone long on AN though on bullish guidance and earnings beat. Oh well.
I'll go long when MFI gets oversold, short if ES fills the gap above. That's about it. Just light trading until the end of the year.
I think the algos want to fill the open gap. I'm just not bullish enough to play this stupid market. I did call it though, they pumped the Fed minutes.
My biggest issue is that my favorite plays (PCAR, GM, EWZ) are all played out and none of them rallied today so I wouldn't have made any money anyways. The big movers were TSLA and garbage stocks like SFIX, U, OKTA, COUP (lol), etc. I should have gone long on AN though on bullish guidance and earnings beat. Oh well.
I'll go long when MFI gets oversold, short if ES fills the gap above. That's about it. Just light trading until the end of the year.
Comment:
Funny thing is, the market finally learned its lesson, oil was red all day.
That, along with the fact that CHina is in a recession means prices will come down. I'm almost wondering if a double top is possible next year, lol.
Be careful what you short and WHEN you short.
That, along with the fact that CHina is in a recession means prices will come down. I'm almost wondering if a double top is possible next year, lol.
Be careful what you short and WHEN you short.
Comment:
Nov CPE numbers come out Dec 1st (next Thu)
PAY ATTENTION TO THE FED.
Not that the minutes was good news, just an excuse to pump the market