Premarket action probably should have told you that it was going red.
Strange whipsaw to open the week, lol. Small caps green despite retail being red and garbage stocks all down but only a little. NQ implies more downside and FDAX is overbought so possible gap down tomorrow.
Transport and financials are green though. Snagged a few COUP puts on open, probably just gonna stay with that. Leaning bearish until tomorrow's open I think. Might just flip the puts later today though. Tomorrow is Ponzi Tuesday, lol.
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UPS, GM, and PCAR earnings before market open tomorrow so transports will move on that....
GOOGL, V, TXN, MSFT after market close tomorrow so tech and financials will move after hours tomorrow.
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Just realized COUP bounced off the 50DMA, I'm out.
Market probably whipsaws today and tomorrow anyways, probably not a good day to trade.
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MFI is close to oversold but RSI is not. My guess is that we go oversold before the Fed and they pump the press conference like they do every meeting.
The market will pump oil along with the market forcing the Fed to go big again in Sept, lol. You'd think the big boys would lay off of oil but they can't help themselves. Idiots.
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Potential for a gap down tomorrow because of Europe. We'll see what happens when they digest the Gazprom news overnight (see my FDAX post for link)
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MFI almost touching oversold but it looks to me like RSI needs to hit oversold before a bounce, especially since I expect Europe to go down tomorrow morning.
With NQ dropping and RTY green, garbage stocks are a mixed bag today. Weird.
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WMT just posted an earnings update, margins down and retailers taking a hit AH
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OPEN GAP ALERT:
NQ gapped down after the break because of WMT earnings warning. If it doesn't fill the gap by Wed, then it will during the Fed press conf.....