I guess they didn't turn the algos back on, NQ double dipped into oversold on both MFI and RSI. PANW earnings seems to have impacted tech quite a bit.
Fed meeting minutes released at 2pm, and then NVDIA earning after market probably dictates gap direction for tomorrow.
Went long on PCAR stock and GM calls yesterday, made some money on the GM calls, closed them since the market looks so bearish. Holding PCAR stock, no idea why it's melting up today.
Not gonna bet on tech today, news seems to have bigger impact than indicators right now, and I have no idea which way NVDA goes on earnings. It did a 50% rally in the past 2 months.
Fed meeting minutes released at 2pm, and then NVDIA earning after market probably dictates gap direction for tomorrow.
Went long on PCAR stock and GM calls yesterday, made some money on the GM calls, closed them since the market looks so bearish. Holding PCAR stock, no idea why it's melting up today.
Not gonna bet on tech today, news seems to have bigger impact than indicators right now, and I have no idea which way NVDA goes on earnings. It did a 50% rally in the past 2 months.
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Surprisingly mild reaction to fed minutes
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It's now about NVDA earnings bets. I wouldn't do NVDA options, something like NET will probably pay off better, it'll gap $3 in whichever direction NVDA goes tomorrow.
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Guess I'm not in a betting mood. See ya tomorrow morning.
I think if it gaps down, we'll have an opportunity to go long for Ponzi Friday
I think if it gaps down, we'll have an opportunity to go long for Ponzi Friday
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Looks to me like they turned the algos on after all, lol. If they did, gap direction won't matter so much.
Trade active:
Added to my long position.
Wish I would've snagged some NET calls earlier when I mentioned it, lol.
Wish I would've snagged some NET calls earlier when I mentioned it, lol.
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Glad I added, NVDA up 7% AH, futures up as well.
NET up $2 AH, had I bought calls when I mentioned it, I would have doubled my money or more. Oh well. Looks to me like I was right about having more profit potential than NVDA calls as well.
NET up $2 AH, had I bought calls when I mentioned it, I would have doubled my money or more. Oh well. Looks to me like I was right about having more profit potential than NVDA calls as well.
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Next big news event is PCE numbers next Thu. Estimate is 0.2% m/m but CPI and PPI both came in over estimates.
If PCE numbers are low, we could see a melt up all the way to the Fed meeting in March. I keep saying, you gotta have near perfect timing to short this crazy market, lol. Scared to do any real trades with options, but I'm making good on my beer money bets so far.
If PCE numbers are low, we could see a melt up all the way to the Fed meeting in March. I keep saying, you gotta have near perfect timing to short this crazy market, lol. Scared to do any real trades with options, but I'm making good on my beer money bets so far.