hungry_hippo

hungry_hippo Updated 

MFI oversold, RSI not quite there. Out of all indices, RTY has teh most tendency to go severely oversold or overbought on my indicators, so I tend not to trade it. Fed press conf at 2pm EST

hungry_hippo Updated 

Well, NQ sold off just as soon as I posted that it was overbought today, so you're welcome. Looks to me like MFI needs to go oversold before it bounces, not really sure which way it goes so posted 2 overlays. Asia quit pumping NQ so that's bearish. Market is getting more selective about what it pumps, so when in doubt, short garbage or something totally overbought.

hungry_hippo

Based on what we've seen lately, it appears the DAX gets one final pump before it starts whipsawing down. Remember, Europe impacts morning gap direction. Looks like it might gap up tomorrow, but pretty bearish after that.

hungry_hippo Updated 

MFI is not there yet

hungry_hippo

Strange, Asians pumping only NQ, Dow and small cap futures are red, ES is basically flat. Should be overbought sometime tomorrow.

hungry_hippo Updated 

I was correct that TSLA would form a pennant here because TSLA coils are so common, lol. Wasn't quite correct with the size of the pennant though, so here's a revised plot. Downward target is a back test of teh channel, upwards would be another pump of the same size. Options balance point is $380, so I don;t see it moving much teh rest of teh day

hungry_hippo

What does that mean? I dunno.

hungry_hippo Updated 

This isn't a good sign, it's already hit my dip target and MFI is overbought again. Yields rising once again. Looks to me like it might break this next line again. Leaning bearish.

hungry_hippo

Expecting a retrace back up to 2% Pattern indicates a whipsaw next week.

hungry_hippo

RTY isn;t collapsing like tech, I think it just drifts sideways for a while then hits my IWM target eventually.

hungry_hippo

I threw together this overlay a few days ago and didn't believe it because I figured Asia was gonna pump but it looks like they're gonna whipsaw sideways for a while. Oddly this indicates either a Monday or Tuesday pump, lol. They appear to have lost interest in tech again, NQ is the only index red (by a little)

hungry_hippo Updated 

Up 80% since last earnings, they aren't growing that fast, something's gotta give. Hitting resistance here anyways. Couple of put contracts with today's profits from flipping calls. Heck, all it has to do is give up today's gain and you'll break even.

hungry_hippo

$404 I guess, based on expanding wedgie breakout

hungry_hippo

Not really tracking any overlay I can find. I expect it to drift sideways then pop, but it could just melt up. I don't see an opportunity to short until it hits the pink line. The only thing you can do here is daytrade based on expected direction, I flipped some calls today. Probably not trading tomorrow.

hungry_hippo Updated 

I think it forms a pennant here because it always does, looks like a wave 4, probably gets pumptarded tomorrow No position. Way more calls than puts so expect weakness before close tomorrow

hungry_hippo Updated 

I've got next week as a whipsaw week. Asia looks like it wants to go up and they always pump NQ, meanwhile DAX looks like it needs to sell off a bit. I might take next week off, does not look like a good week to trade, unless you're doing it to set up for the following week which looks like when all three markets look to go pumptarded.

hungry_hippo

Still tracking my overlay more or less.... Probably stays weak tomorrow then goes up on POnzi Friday. WHipsaw next week. Eventually it will set up forApril earnings, there's no way it stays down here for earnings. In any case, remember AAPL is the market... or at least $NDX.

hungry_hippo

Seems crazy to me but apparently $250 is the target