MFI is heading up but RSI isn't moving. Means the algos are having some trouble pumping the market, I think MFI gets overbought when NQ fills the gap and we just get sideways whipsaw until CPI next week.
As for my trading, I flipped my PDD calls on open and I'm done. Made a couple Ks. Did it because HSI was oversold yesterday, unfortunately it filled the gap above and came back down. If HSI had stayed up 1.2%, PDD would have shot up $4, because it always exaggerates HSI moves.
PCAR has 2 open gaps above, wondering if I should get some before the split. Gonna decide in a little bit.
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Wish I had shorted PDD when I sold those calls, I was just happy to get extra money 'cause I thought it was only gonna gap less than a buck, lol.
On the flip side, I did get into some PCAR calls and stock for the gap fill up. It gave up all of the Powell pump this morning despite the stock split tomorrow. Plus 2 gaps above as I mentioned earlier. Even stranger, the only news was a market overweight rating by MS. I guess they did that and sold, just like the idiots that have been downgrading it to cover their short positions. Always goes the opposite direction of the downgrade/upgrade which means you know the analysts are trying to manipulate the stock (and failing bad)
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Well, I got my PCAR gap filled and made another couple of Ks so I'm done for the day.
Ka-Powell, lol.
The village idiot comes through for me.
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I shorted PDD and GLD on the reversal, lol.
Almost perfect timing, but that had more to do with my PCAR gap fill target, when it filled the gap I was looking for a possible reversal. I'm laughing about how well that worked out by stroke of luck.