Didn't trade today and just looked at the charts. MFI actually went oversold, so did NQ. Bit surprising for a half day on low volume.
No idea which way it gaps Monday, but the time to go long is when MFI gets oversold during a melt up. WE'll see what happens Monday
Really stupid, lol. Market pumping the obvious, Fed is going to slow the rate increases.
I think the algos want to fill the open gap. I'm just not bullish enough to play this stupid market. I did call it though, they pumped the Fed minutes.
My biggest issue is that my favorite plays (PCAR, GM, EWZ) are all played out and none of them rallied today so I...
Way overbought on the daily and this is the first time in a while that it's gone red when the market is green
Kinda why I didn't play the rally the last couple of days, my favorite play appears to be played out. Probably should've bought AAPL instead, lol.
I think it gets a bounce at $101 if it does go down
Looks to me like it's headed to overbought as i said this morning.
Rally is limited in breadth, garbage stocks still red. If the market gaps up tomorrow I think there will be an opportunity to fade the gap with garbage stocks.
Not going long because my favorite stocks aren't showing much strength on this weird melt up.
Remember it's turkey week, not much...
Not sure what the Euros are doing, lol. Indicators show nothing on the 3 hr, but daily is overbought on RSI while MFI is trending down.
No idea which way the market gaps tomorrow. Gap down and reversal tomorrow would make for an easy trade, but there haven't been many easy trades lately, lol. Lucky to get one easy trading day a week.
TSLA lost support and it's the second biggest ARKK holding. I told you months ago that this crap fund would underperform the market because she's trying to catch the proverbial falling knife on garbage stocks. While the market rotates into money making stocks, she's buying money losing...
BTC has a pennant going on, not sure which way it breaks. Probably the same direction as the market next week, and my indicators do not show a direction.
I think the play here is to short if it backtests the previous support. Could just tank though, lol.
Still think it eventually goes to zero, Ponzi schemes usually implode during a recession.
Played the gap fill yesterday for a decent profit, but it's overbought on the weekly now.
My favorite stock of the year, but waiting for it to come down. It;s still a good gap play so watch for that, especially if ES1! goes oversold on my 3 hr plot.
RSI almost overbought with MFI divergence. Could go overbought and roll over Sunday night, or another possibility is a gap up Monday and dump.
We'll see Monday. holding a position over the weekend isn;t worth the heartburn.
Looks surprisingly bearish today despite the gap up.
Indicators never made it to overbought, no idea which way it goes from here. When in doubt stay out, though I suppoose shorting garbage on open would have worked today.
At this point in the year, I'm just taking potshots at the market when the indicators tell me something. If you look at the chart for the...
Daily indicators don;t really show anything either. But as I mentioned in my daily update, NQ is at the same level as May, 6 months of sideways action.
That should explain why it's so hard to make money, better off looking at short term indicators and playing when the indicators go overbought or oversold.