I find it interesting that small caps are just doing their own thing today and rallying. It did hit oversold on MFI yesterday unlike ES and NQ.
I closed out all my long position after open because I figured the market was gonna whipsaw, but wish I had held PCAR stock. Looks like it's trading with small caps, despite being in both SPX and NDX indices.
I closed out all my long position after open because I figured the market was gonna whipsaw, but wish I had held PCAR stock. Looks like it's trading with small caps, despite being in both SPX and NDX indices.
Note
Not trading today, but watching how small caps behave. Europe finally realized they are in a recession, so we'll see more days like yesterday.... which also means we could see more days like today.Guess I'm gonna be more bullish on small caps and garbage stocks next time teh Euros tank the market
Note
Small caps appear to be the index to play, should go overbought Monday then head down. Hopefully it starts cycling so we can make some money both ways.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.