I still think MFI goes overbought, but as you can see even the smallest drop in MFI causes a much bigger drop is RSI.
I think I'm bullish for tomorrow, but not bullish enough to go long. Still waiting for MFI to go overbought so I can short something. Plus, as you noticed his morning, your timing and selection of stocks have to be good to make any money going long on calls.
The other possibility of course is that it just straight out tanks, lol. I don;t see a melt up happening any time soon.
I think I'm bullish for tomorrow, but not bullish enough to go long. Still waiting for MFI to go overbought so I can short something. Plus, as you noticed his morning, your timing and selection of stocks have to be good to make any money going long on calls.
The other possibility of course is that it just straight out tanks, lol. I don;t see a melt up happening any time soon.
Comment:
MFI rolled over without going overbought, this drop isn't done until it hits oversold.
Do not recommend holding any long positions at all. even dividend stocks went red today
Do not recommend holding any long positions at all. even dividend stocks went red today
Comment:
I sounded the alarm when dividend stocks went red....
that's all I can say.
that's all I can say.
It now looks like MFI is just gonna head down again.