Wasn't quite sure because MFI was heading up early premarket, but looks like NQ wants to sell off today, both RSI and MFI heading down. Don't recommend going long until MFI hits oversold.
Wouldn't surprise me if the 401k fund managers do some sector rotation, AAPL is basically at the top.
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Looking like another whipsaw day, lol
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Made some beer money off FSLY puts, gonna get back what I lost, one beer at a time, lol.
Calling it a day trade, might re-enter EOD. I really should stay off the computer, I almost went long on shitcoin. So glad I didn't.
I don't think the market will tank, but some of these high flying stocks like AAPL, MSFT, etc need to pull back a bit
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Oddly, the only thing I'm bullish on is crypto, lol. Bought a few more calls.
Also watching PCAR, but it's not gonna gain any traction while the market is red.
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PCAR dividend next Tuesday, that's why it's not tanking with the market
Didn't nail timing on shitcoin very well, but still bullish as long as it doesn;t do an EOD tank
I'd close out those puts if you're still short and re-enter EOD, market usually goes up Friday afternoon because of 401k plans.
@hungry_hippo, do you mean that you think bitcoin could go down more on Monday if it tanks EOD or just that your calls will be less likely to make money if it tanks first? (I know the second part is true. What I'm really interested in is if you think an EOD bitcoin tank would signal more weakness next week for crypto in general.)
hungry_hippo
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@BoomerMo, just money. I think shitcoin goes up next week, breaking support is a bear trap.... I think. It was last time. Honestly, I think it makes a huge move over the weekend in one direction or the other