Stock gaps down as soon as they announce the earnings date, lol.
Bought put contracts yesterday when I bought NKE puts, dumped both and re-entered at a lower strike with the profits.
Next weeks puts. I think this to continue dropping next week.
Euro markets all threw gravestone dojis this morning, I should have bought some Italy puts. Looks ike an exhaustion gap, but in reality it was a gravestone in the actual index. (Pattern difference is caused because the markets aren't open at the same time.)
I bought some EWW (Mexico) puts instead, because of better liquidity, but his would have been a good...
Futures looking wedgie, but indicators are acting weird. RSI almost overbought while MFI went oversold earlier today. Not sure how that even happens, did the market really buy into this futures pump and dump?
Bought a bunch of puts today, but mainly in overbloated or crap stocks. No index position, just like to see what I'm fighting against.
BYND broke gap support and appears headed for a gap fill.
Oversold on the daily, so I'm not sure I want to touch this. Stocks can go way oversold though when everyone loses interest, remember MNK? When in doubt, short garbage.... or mashed peas I guess.
Looks topped out with a reversal pattern. Bought next week's puts, but might flip it tomorrow if it drops a buck. PoS has a tendency to bounce at the top.
Also, MFI divergence, coming off overbought condition.
Futures coiling, can't remember the last time that futures just sat in place.
Looks like the ASians turned off their algos, all up to the EUros to decide the morning gap.
No indications on which way the market goes here, but I drew up the targets.
Retail numbers sucked, so of course XRT went up. The market is doing exactly the opposite of what it's supposed to do, lol.
A straddle on the China deal would have netted very little, so I was right not to play it. Fact of the matter is that they still haven't resolved anything, and Dec tariffs haven't been cancelled yet.
But in any case, I wanted to show the...
Had I noticed this earlier, I probably would have bought some puts. Overbought headed into earnings, and a parabolic rise.
If they pump it on earnings, I'm buying puts. Something to watch for tomorrow.
Well, I missed the huge drop, and it appears to be forming an expanding pennant. Probably whipsaw in here before heading to the bottom.
Not sure what it's gonna do on a daily basis here, but if it hots the lower trendline, I'm going long because it needs to fill that gap before heading down.
Techinical indicators are all bearish, divergence and lots of money...
Looks like it dropped out of the big wedgie, but now it's coiling for earnings. Could go either way, though I would tend to be bearish on this overbloated burrito fart. Waaaay overpriced.
I'm not playing it, been burned on earnings too many times in the past month. In fact, I haven't played this one since they stopped food poisoning people, lol. I also don't...
Looks like the market is getting a pump from the idiot Fed in Europe talking about rate cuts again. Rates do matter, so that is real news.
Would appear that we're getting a three drives pattern and a wedgie. Expecting an exhaustion gap tomorrow. Look for indicators to go overbought and short the market, it's not worth chasing up here.
I got lucky and managed...
I had actually drawn this up earlier and didn't publish it, but here's the target for the futures pennant fail.
In any case, market got all pumptarded for nothing, the only deal they made with China is to talk some more before bumping up tariffs.
Anyways, remember the market is coming off an overbought condition.
FUtures filled the intraday gap down from the ISM report tank, got overbought, and sold the news on the trade deal.
I expect weakness Monday and maybe Tuesday, I need to look at the details of the deal over the weekend. Regardless, that was a pretty funny finish.
Indicators work I guess. So does shorting garbage. TUR went down yesterday as I expected, BYND...
Here's an odd chart, almost overbought on MFI and it's barely off the bottom. Not really sure what that means, but I expect it to tank on earnings again. Maybe a lot of institutional holders dumping?
No position yet
$8B market cap for a company that makes mashed peas (yeah, that's the main ingredient).
Not only are earnings coming up in Nov. but the IPO lockout ends in Nov. Resting on support, if it breaks, it might even fill the gap before earnings. Keep an eye on this one.
No position yet, waiting for the break.