Cryptos and small caps pulled back, Europe and China were red this morning. ES and NQ are still overbought though with no pullback. Could very well be a melt up, still short on shitcoin through BITO puts. Nothing else, don't feel much like trading this week. Made decent money last week despite closing early on Friday, seems every time I make money I give it...
MFI hit oversold. NQ RSI is almost overbought on this huge pump. Remember ES is in the whipsaw zone again. I'm probably not trading today or tomorrow. Reducing the number of trades I make since the market is going sideways, and I'm not really making much money.... I'll put up a post, but it's still tracking that big blue arrow, lol. Since I'm expecting...
Hit overbought on RSI and MFI, but I think it's a pump and dump. Expecting a gap up tomorrow, maybe dump on Fed minutes? Keep in mind RTY can go way overbought or oversold, least reliable of the index indicators. TLT already looks like it's hit bottom, so I don't see a tank coming either way.
MFI no longer oversold, RSI almost overbought. If it gaps up again tomorrow, probably a pump and dump. Market usually whipsaws when Asia/US/Europe decide to go different directions. Next rally probably won;t happen until Europe goes oversold on the short term indicators. We'll see.
RTY has been strong recovering from the recent banking sell-off (for the time being). Looking at a few demand areas for longs. The first zone is mean to be an overnight set and forget. The closer the zone to the origin of the move the better the chance of it working so the lower DZs are likely stronger. Watch for tomorrow's 8:30am Retail Sales reports as they...
Retail numbers missed bigly, garbage retail stocks all down big today. Made some money off BUD puts, though I actually expected the numbers to be good, lol. Small caps down 1.4%, at this point I'm not chasing the drop today. However, it looks like RTY is headed to oversold again, so I'll look at it again this afternoon, maybe throw another $2k bet against some...
Nice whipsaw going, MFI went oversold premarket. Guess they're gonna pump garbage again, flipping my BUD puts on open.
As usual, small caps are the weakest, MFI already hit oversold. ES and NQ are getting close, but won;t happen until Monday. Not sure about gap direction Monday or if RSI also need to hit oversold. Either way, the market will signal a buy on Monday.... as usual I'll wait and hope for a gap down to make the decision easier.
RSI hit overbought and turned around, I dumped my PCAR calls on open because it didn't look right. Wasn't expecting today to be a pump and dump but numbers weren't that great. Made a couple of k's on PCAR, but really disappointed it didn't go up more. Market just whipsawing again, no positions, I have no idea what it;s doing today.
We got a nice rejection of the Daily sell zone. Looking for continuation to 1745 and then ultimately 1700. Entry Price - 1774 Stop loss - 1800 (I would like to see a strong close above 1800 level. First Target - 1745 Final Target - 1700 Please share your views. Thank you
Not oversold yet, not going long today though pretty high possibility of the usual Friday pump and dump tomorrow. Will wait until my indicators say to buy. I think the selloff ended for the day because a lot of stocks hit support (see GM for example), but I'm not sure if that holds. Looks like all I'm gonna make is beer money this week, but at least I didn't...
RSI isn't there yet, but ES & NQ already hit overbought on both. I don't expect the market to tank, probably just a dip. Bought a few AFRM puts for kicks and giggles this morning, see if it breaks support tomorrow. Hoping the algos start cycling again now that earnings are over (except AAPL), buy the dip when MFI goes oversold.
Still the weakest index, RSI is already oversold. RTY indicators are the least reliable, not going long yet.
Good afternoon, Anon, Seeking a comprehensive breakdown of the Russel2000? Allow me to elucidate for you. --- The Russell 2000 is presently entrenched in a quintessential Wyckoff accumulation phase: Dubbed - The Wyckoff Accumulation Schematic #1. --- Who is Wyckoff, and why is he of significance? Well, Wyckoff reigns as the vanquisher of bears, as...
Based on private indicator, Price may revisit this area in future
MFI dropping fast, but RTY barely even dipped. There's a weird short squeeze on garbage stocks today. AFRM, PTON, BYND, TSLA (lol) all green by a lot. No trades, but I'm hoping for the market to tank so we finally get some tradable action. Note: Some of the garbage stocks appear to have rolled over, might be a play there.
Just drifting sideways, indicators are neutral. I think MFI goes oversold tomorrow morning on RTY and ES, will wait until then to BTFD, lol. I think it's gonna be a whipsaw day. Futures need to sell off but lots of dip buyers already. Slept in (kinda obvious now, lol) because I was all cash, no positions. Will take a potshot at the market again tomorrow if...
RSI hit overbought and stalled, MFI is overbought. Appears to be a rotation from small cap to tech, took the easy money and dumped my long positions