I guess I should've known they'd pump futures overnight because NQ hit oversold yesterday. Be careful holding anything overnight though, ECB meeting tomorrow premarket.
Probably just staying out, I think it's gonna be a whipsaw day
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ECB meeting tomorrow and inflation numbers Tuesday. If you're chasing the melt up today, I suggest you have an exit plan.
I'm gonna snag some TLT puts as a bet that ECB takes a hawkish tone. Then again they read the same "Running a Central Bank for Dummies" book that Powell read, so anything can happen.
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Projecting a rate cut with every market going parabolic is about the dumbest thing a central bank can do, but I have very little faith in the ECB or the Fed. Still gonna do a small options bet that they'll at least say the right things.... we'll find out tomorrow
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I'm probably thinking way too ahead of the morons running central banks much like when I said QE during COVID was a big mistake. Anyways, if they allow the stock markets to go parabolic, commodity futures will rise with it because they always do. Then we get rebound inflation.
Could take a year or two to pan out, so don;t do short term trades on my long term projections.
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BTW, AAPL finally bounced.
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Turned out to be a whipsaw day after all, lol. Glad I stayed out