hungry_hippo

SPX - I SPY Divergence

SPCFD:SPX   S&P 500 Index
Huge MFI divergence on the 2 hour chart on this pump. To be honest, I have no idea why the market is rallying, did manage to make some money off of CIEN and CBRL (dumped today after buying yesterday).

I said a couple of weeks ago that we could melt up like last July, pattern now looks similar. Buy the dips I guess, we should see one soon.
Apr 23
Comment: TXN up over ATH after hours because they beat earnings estimates that were lower than last year. That makes a lotta sense. Lower revenue/earnings = ATH.

Not sure there's any money to be made shorting anything, might as well buy the dips.
Apr 25
Comment: Well that was fun this morning, looks like small caps and Dow are weaker than S&P and Nas, if you're shorting indices, look at DIA and IWM instead of SPY and QQQ. Probably gonna whipsaw tomorrow either way, it's 401k Ponzi Friday.

You know the market is in trouble though when WWE goes down, lol.
Apr 25
Comment: Today is AMZN day, kinda expecting the market to gap up and then tank tomorrow. That's what AMZN did last year on earnings, that's what FB did today.

The retrace is pretty much over (except a few stocks like AMZN and AAPL), the market is going to have to earn any moves up from here. Expecting a lot of whipsawing.

Couple of earnings play for tomorrow (regional banks), other than that I'm out of the market.
Apr 29
Comment: Low volume melt up, looks like the computerz are in full control now that there's very little money flowing in or out. Divergence in every time frame. Stocks no longer trading on fundamentals because the computerz don't look at fundamentals.

Looks to be another pump and dump, we'll see.

The only thing that makes sense is some rotation from large caps and Dow stocks to small caps. There are some value small cap stocks, I'm not holding any long term though due to liquidity issues.
FOMO; panic buying. Typically precedes panic selling. Could see higher before it breaks.
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