MFI oversold and RSI double dipped into oversold territory. Might get a bounce, but with CPI numbers coming out Thu, any rally will be short lived.
Cashing an oversold condition or hoping for a quick bounce, neither seems all that appealing to me. Cashed out of my BITO puts for a small gain. Once again, small movement, and the reward doesn't seem wort the risk. Just as well stay cash and watch.
Cashing an oversold condition or hoping for a quick bounce, neither seems all that appealing to me. Cashed out of my BITO puts for a small gain. Once again, small movement, and the reward doesn't seem wort the risk. Just as well stay cash and watch.
Comment:
EOD pump, maybe a one or two day pump and dump again. Bailed out of my BITO puts for a small loss, even for the day, lol.
Not going long, Europe is a crap shoot tomorrow. GM did hit the support zone this morning though.
Not going long, Europe is a crap shoot tomorrow. GM did hit the support zone this morning though.
Comment:
Your guess is as good as mine, staying out.
Seems like tomorrow is a complete crap shoot.
Seems like tomorrow is a complete crap shoot.
Comment:
Tomorrow could just be another whipsaw day
Not gonna throw a lot of money into chasing an oversold condition, Dangerous play.