Really odd, RTY mFI is moving down but NQ is actually headed towards overbought again. I guess there's just too much money floating around for the market to drop at all. People buying the dip on garbage like PTON.
With RTY and NQ MFI going in different directions, I have no idea what happens here towards close. Staying cash.
Chances are pretty good that next week winds up being a whipsaw week on earnings,.
With RTY and NQ MFI going in different directions, I have no idea what happens here towards close. Staying cash.
Chances are pretty good that next week winds up being a whipsaw week on earnings,.
Comment:
I did a beer money bet on BITO (BTC) puts on the last bounce, so I might post an update Monday since I'll have to close that out.
Probably gonna bounce and do a H&S pattern, but if it breaks 26,700 support it's headed straight back to 20k
Probably gonna bounce and do a H&S pattern, but if it breaks 26,700 support it's headed straight back to 20k
Market just whipsawing sideways, decided to move some money around and consolidate my accounts. No point in getting whipsawed into a loss.
I'm bullish on PCAR earnings, but at the same time I think it's be a pump and dump like last April. They'll beat on earnings but I think guidance will be "meh". Not enough to break the stock out in this whipsaw market. PCAR is usually weak during the summer.