MFI went oversold premarket, so the algos are trying to pump it.
Generally speaking you want to buy when MFI goes oversold during a run up. Not really sure about this one, lol. Staying cash, not shorting anything either.
We know teh algos are on so be careful shorting stuff too despite all of the bad news coming out. Euros are STILL pumping.
Generally speaking you want to buy when MFI goes oversold during a run up. Not really sure about this one, lol. Staying cash, not shorting anything either.
We know teh algos are on so be careful shorting stuff too despite all of the bad news coming out. Euros are STILL pumping.
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The algos are trying to fight through the sellers, be careful because the algos rarely lose money. They'll pump the market and then pin it on something the Village Idiot said.
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Basically, my indicator says buy but I'm too bearish to do it. If your personal sentiment doesn't line up with indicators, the best thing to do is stay cash.
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Funny when i say I dunno, the market usually whipsaws.
The chart formation does remind me of last week, possible gap down tomorrow then pump on unemployment numbers. Remember that's what they did last Thu.
Unemployment claims are just about impossible to predict, even the big boys don't seem to know, so the gap tomorrow is a complete crap shoot. Just keep in mind that the Euros are STILL pumping.
The chart formation does remind me of last week, possible gap down tomorrow then pump on unemployment numbers. Remember that's what they did last Thu.
Unemployment claims are just about impossible to predict, even the big boys don't seem to know, so the gap tomorrow is a complete crap shoot. Just keep in mind that the Euros are STILL pumping.
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Short term trading isn't about fundamentals, it's all about which way the money is flowing. Keep that in mind....
Higher rates pull money out of the market, but it's usually temporary. it flows back in eventually as we witnessed in january.
Higher rates pull money out of the market, but it's usually temporary. it flows back in eventually as we witnessed in january.
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I have the market doing the same crap as last week, pump Thu/Fri, reversal Monday, down on CPI numbers Tues, lol.
Good luck
Good luck
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MFI Rising quickly probably goes overbought today, so not sure what happens tomorrow.
Futures up because unemployment claims were higher than expected. I warned you that these numbers are impossible to predict, lol.
Futures up because unemployment claims were higher than expected. I warned you that these numbers are impossible to predict, lol.