Overbought and at ATH.
I think there's a good chance the market gaps down Monday, but can't really short anything because NVDA appears to be melting up.
You can tell some of the traders and algos did a pump and dump on the gap up this morning, but not enough of them to make it worthwhile to short the market yet. I'd like to see the algos dump on indicators instead of inflation news before I start shorting stocks
I think there's a good chance the market gaps down Monday, but can't really short anything because NVDA appears to be melting up.
You can tell some of the traders and algos did a pump and dump on the gap up this morning, but not enough of them to make it worthwhile to short the market yet. I'd like to see the algos dump on indicators instead of inflation news before I start shorting stocks
Comment:
Decided against shorting anything in the US market, bought a few EWZ (Brazil) puts, relatively small bet. I figure NVDA and AI can't prop up Brazil if oil prices sink next week, lol.