NQ Update

RSI hit oversold with positive MFI divergence. AAPL didn't quite hit my $137 target but it shows a reversal.

Still an open gap to fill above and there appears to be liquidity in the market though the real test is mid-day when volumes are low.

Oddly, I didn;t bet on tech I went with GM calls on the downgrade, it's like shorting a stock that got upgraded but in reverse, lol.

Comment:

Daily chart patterns all look like they want a 3 or 4 day short squeeze which should be more than enough to take us to the gap fil.

I'd go with next week's calls just in casel

Trade active:

Still some weirdness going on with the market, decided to lock in profits for the day and dumped 2/3 of my position since it was more money than I'm comfortable with in this wacked up market

Comment:

What a F'ed up market, looks like AAPL wants that $137 mark after all.

Look at what I said earlier, the real test is mid day when there's less liquidity.

Stil holding 1/3 o my GM calls since I got in below $35, but I don't know about this market. Not enough buyers.

Comment:

AAPL, MSFT, and GOOGL dragging on the market. Considering there's a short squeeze on garbage stocks it looks like hedge funds are closing out their positions.

I think IWM is probably the index fund to go with, but remember short caps are full of garbage stocks so you better be bullish on garbage, lol.

Staying with my GM calls, I've had enough heartburn for a week.

Comment:

Lack of liquidity is amazing but keep in mind Friday is 401k day, the only day of the week where buying is guaranteed.