Market bearish due to the Fed meeting, expecting a big whipsaw here in less than 2 hrs.
I'd be very bearish on the Fed if indicators weren't already oversold. Might get a pop because "it's not as bad as we thought" or maybe Powell does his usual soft bed talk or whatever.
Couple of earnings plays but other than that staying cash for the whipsaw. Indicators say we should get a bounce, all my favorite crap stocks appear to have bottomed out for the day. Just keep in mind anything can happen when the Fed talks about raising rates, remember Jan 2018? Almost sent SVXY to zero, lol.
The way I see it, it's a long way to the bottom, no need to roll the dice today.
I'd be very bearish on the Fed if indicators weren't already oversold. Might get a pop because "it's not as bad as we thought" or maybe Powell does his usual soft bed talk or whatever.
Couple of earnings plays but other than that staying cash for the whipsaw. Indicators say we should get a bounce, all my favorite crap stocks appear to have bottomed out for the day. Just keep in mind anything can happen when the Fed talks about raising rates, remember Jan 2018? Almost sent SVXY to zero, lol.
The way I see it, it's a long way to the bottom, no need to roll the dice today.
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WHIPSAW in 20 MINUTES!
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THere you go, lol
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WHIPSAW!!!!
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Algos have to pump because lots of stuff are oversold, but I'm no inclined to join, lol. 3 rate hikes on the dot plot, but that still keeps interest rates at historic lows.
Staying cash, maybe a day trade tomorrow fading the gap. I expect a gap up tomorrow
Staying cash, maybe a day trade tomorrow fading the gap. I expect a gap up tomorrow
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LOL, market goes up 1.5% on rate increase, hilarious
Not sure about gap direction for tomorrow, that's a bit much
Not sure about gap direction for tomorrow, that's a bit much
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This is why I plot the indicators, just how in the world does the market go up > 2% on a dot plot that was worse than expected and tapering faster than planned?
Insane what happens when the market gets oversold. Common sense has no place in the market, just watch the indicators.
Insane what happens when the market gets oversold. Common sense has no place in the market, just watch the indicators.