MFI overbought and Europe selling off but there appears to be dip buyers for stocks. FDAX down 1.5%, RTY is basically flat and the Dow is green. Futures selling off but the indices are barely moving indicating possibly more melt up.
Flipped my puts on open, calling it a week. I made more yesterday on long positions, that should tell you something because you guys all know I'm bearish, lol. I think it's hilarious that the market is pumping with a rate inversion, garbage stocks going parabolic again, and transports barely red with oil moving up again.
When the market makes no sense, stay out. The market is trying to melt up into a recession, lol.
Flipped my puts on open, calling it a week. I made more yesterday on long positions, that should tell you something because you guys all know I'm bearish, lol. I think it's hilarious that the market is pumping with a rate inversion, garbage stocks going parabolic again, and transports barely red with oil moving up again.
When the market makes no sense, stay out. The market is trying to melt up into a recession, lol.
Comment:
Looks like teh market is finally running out of buyers, Imma staying out and doing other stuff today
Good luck
Good luck
Comment:
MFI and RSI are out of overbought territory and Euro markets are closing.
Don;t see any good trades for today
Don;t see any good trades for today
Comment:
Finally, now everything looks bearish, lol
Everything pointing to another week if not 2 of melt up. Might take another week off.