Both ES and NQ MFI went oversold premarket
Gonna wait a little bit and see what the market does at open. RTY is overbought so maybe a reversse rotation out of small caps?
Gonna wait a little bit and see what the market does at open. RTY is overbought so maybe a reversse rotation out of small caps?
Commento:
Flipped my GLD calls and bought a few OTM calls with the profits, just a beer money trade at this point.
I'm just not feeling bullish enough to chase this silly market. See ya guys later.
I'm just not feeling bullish enough to chase this silly market. See ya guys later.
Commento:
I'm neither bullish nor bearish, I think the market will whipsaw sideways for a while.... but that depends on the Fed meeting next week.
Commento:
I think all you can do is pick some stocks and hope they pump it tomorrow because it's Ponzi 401k Friday.
No short positions, just long on stocks. No options, not sure if it goes up enough to make that worthwhile, though I suppose you could go into next week's calls.
No short positions, just long on stocks. No options, not sure if it goes up enough to make that worthwhile, though I suppose you could go into next week's calls.
Commento:
I don;t think gap direction will mean much tomorrow, guessing it's gonna melt up all day like the last 2 Fridays
My board is a complete mixed bag. Bought some GLD calls after open, probably just gonna hold that for now. Just something so I watch the market.
Just remember tomorrow is Ponzi Friday, can't recommend shorting anything on Fridays during a bull run.