I always do an EOW analysis to figure out what I missed, and it appears that NQ RSI hit oversold, and that's why we had the EOD pump which was bigger than I expected.
Indicators for every index now neutral, so Monday gap can go either way, but I think margin calls will impact speculative stocks, especially Reddiot stocks.
I still have a $275 target on QQQ by Wed, I'm actually hoping it hits it Monday so I can go long, lol. Otherwise we may see more whipsaw like this week. I'd like to see MFI get oversold along with RSI. The time to go long is when the daily gets oversold though, and that hasn't happened yet.
Watch POwell pump teh market again in the next Fed meeting.
Indicators for every index now neutral, so Monday gap can go either way, but I think margin calls will impact speculative stocks, especially Reddiot stocks.
I still have a $275 target on QQQ by Wed, I'm actually hoping it hits it Monday so I can go long, lol. Otherwise we may see more whipsaw like this week. I'd like to see MFI get oversold along with RSI. The time to go long is when the daily gets oversold though, and that hasn't happened yet.
Watch POwell pump teh market again in the next Fed meeting.
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I meant $375, lol. I'm not THAT bearish.
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Was on the road when the market opened so I pulled over to a rest stop and flipped all my puts. WOuld appear I nailed the morning bottom which is hilarious. Made back lost profits from Friday afternoon plus some beer money, lol.
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Oh, and NQ MFI is close to oversold, not sure if it touched it or not since I was driving and this site wasn;t working right on my phone app
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Indicators still neutral, no direction
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Market rallying, but I think rates go up with the market, Fed meeting next week and the only reason why yields went down is because the market dropped last week.
I would stay away from meme stocks, EV, and garbage COVID stocks like PTON. Just buy AAPL like everyone else (seriously, WTF).
I made the only trade that made sense to me this morning, TLT puts for next week because Fed meeting and Powell sounded hawkish, may flip before then if yields go up this week.
I would stay away from meme stocks, EV, and garbage COVID stocks like PTON. Just buy AAPL like everyone else (seriously, WTF).
I made the only trade that made sense to me this morning, TLT puts for next week because Fed meeting and Powell sounded hawkish, may flip before then if yields go up this week.
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Indicators still neutral, tomorrow's gap is a guessing game