ES Update

MFI hit oversold and RSI bounced off teh double bottom

Looks bullish but gonna wait until midday since it's been week midday

Commento:

OK, I lied. Bought GM calls again but went with next week's calls.

Small position to try to make up for the money I lost on EWZ, lol.

Commento:

I'm leary of the mid day weakness so left plenty of room to add if it tanks mid day

Commento:

GM has a PE ratio of 6 and demand for new cars is still really high, regardless of interest rates. Plus it's at pre-COVID levels despite being in a much better financial situation

Commento:

Midday weakness as I predicted, will wait until the afternoon to decide if I want to add. FDAX shows no indication of gap direction

Commento:

This market doesn't inspire a whole lot of confidence, added a little on the mid day drop per plan, but that's it.

I leave open the possibility that the market double dips into oversold tomorrow or Monday

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Note: I'm bailing if we don;t get an EOD pump

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Strange whipsaw market, but I bought some PCAR and GM for my 401k on the dip. Figured it's safer than options.

I've been doing short term plays with my 401k, I'm actually up for this calendar year.

Commento:

AAPL dragging on the market, good possibility that tomorrow is another whipsaw day until AAPL hits $135 support. Retail and financials also dragging on the market.

Looks to me like more hedge funds are bailing because they're losing money on both their long and short positions.

If the market gaps up tomorrow, I expect the gap to fill unlike last week.

I would not short anything tonight, the Asians will give you heartburn.

Commento:

I stand corrected, AAPL support is $137 and it bounced off of it through futures pumping.

Indices getting pumptarded now

Commento:

Reversed and doesn't look right, AAPL lost support.

Not adding anything