Wow, even the market didn't know the numbers, futures were rising before CPI came out.
Oversold again, lol, and numbers were so bad there's actually a futures gap. Gonna wait until tomorrow to go long though, I don't se the market doing a full reversal today (but I could be wrong, lol)
Oversold again, lol, and numbers were so bad there's actually a futures gap. Gonna wait until tomorrow to go long though, I don't se the market doing a full reversal today (but I could be wrong, lol)
Comment:
LOL, should've stuck with the game plan.
Remember what I always say though, nothing good can happen when the market pumps bad news. Got other stuff to do today, so I'm staying out.
Good luck
Remember what I always say though, nothing good can happen when the market pumps bad news. Got other stuff to do today, so I'm staying out.
Good luck
Comment:
Remember I said there was a futures gap on the news, it just filled.
I missed out on this huge whipsaw, lol. I think it sells off this gap fill though. More whipsaw.
Nothing good can happen when the market pumps bad news. Wish I had at least played PCAR gap fill like I usually do, but the numbers were terrible
I missed out on this huge whipsaw, lol. I think it sells off this gap fill though. More whipsaw.
Nothing good can happen when the market pumps bad news. Wish I had at least played PCAR gap fill like I usually do, but the numbers were terrible
Comment:
No longer oversold, lol. In the end the market did do what I expected, should have more faith in my indicators.
Can go either way here, but for now I'm assuming a 4 day short squeeze. Keep in mind that bank earnings start tomorrow and guidance will suck so it might just be a one day pop. Who knows.... wacky market
Can go either way here, but for now I'm assuming a 4 day short squeeze. Keep in mind that bank earnings start tomorrow and guidance will suck so it might just be a one day pop. Who knows.... wacky market
Comment:
Went up so much now the longs are taking profit, lol
Tomorrow is a crap shoot, but I'm bearish long term. Might bu some XLF (financial ETF) puts EOD, I think guidance will suck. Bank earnings start tomorrow and go for 2 weeks
Tomorrow is a crap shoot, but I'm bearish long term. Might bu some XLF (financial ETF) puts EOD, I think guidance will suck. Bank earnings start tomorrow and go for 2 weeks
Comment:
Algos and short covering, I don't see long term investors buying in with another big rate hike coming in Nov plus elections.
I'm more inclined to wait until my short term indicators go overbought and buy some puts. Just not feeling bullish enough to play this bounce, and I missed the bottom.
Funny thing is, I always tell myself to buy calls when i sell my puts and I didn;t, lol
I'm more inclined to wait until my short term indicators go overbought and buy some puts. Just not feeling bullish enough to play this bounce, and I missed the bottom.
Funny thing is, I always tell myself to buy calls when i sell my puts and I didn;t, lol
The game plan was to buy the drop today, but the numbers sucked even worse than I expected. Everything broke support, including crypto.