RSI hit overbought so we got a dip. We may get another dip when MFI gets overbought today, or just a bigger dip if it hits overbought premarket. Will we get a melt up instead? I dunno.
Keep in mind that China still has tariffs, but also keep in mind he's going to do exemptions. So that rules out shorting AAPL or any sector like auto.
We will get another huge pop when he pauses China tariffs eventually. Also, at this point the futures gap fill is inevitable.
Also, companies like NVDA and TSLA had issues even without the tariffs, so there's that as well. They probably overshot the target because of teh short squeeze.
I've got a PCRA trade that I posted yesterday. Other than that, I think I will just go back to playing the 3hr indicator, and buy when RSI or MFI hit oversold. Not gonna short anything until next week. Looks like GM is gonna lose half the gain from yesterday because they use Chinese parts, but Trump also said he'll do exemptions so not gonna play it. Also, EVERYTHING GOES UP in a major short squeeze, even garbage like FCEL. When he makes a China deal, you'll be hosed if you're short. PDD went up yesterday and premarket even though Trump hit China with 125%.
I can't predict what Trump will do with China, so just pay attention to the news.
Keep in mind that China still has tariffs, but also keep in mind he's going to do exemptions. So that rules out shorting AAPL or any sector like auto.
We will get another huge pop when he pauses China tariffs eventually. Also, at this point the futures gap fill is inevitable.
Also, companies like NVDA and TSLA had issues even without the tariffs, so there's that as well. They probably overshot the target because of teh short squeeze.
I've got a PCRA trade that I posted yesterday. Other than that, I think I will just go back to playing the 3hr indicator, and buy when RSI or MFI hit oversold. Not gonna short anything until next week. Looks like GM is gonna lose half the gain from yesterday because they use Chinese parts, but Trump also said he'll do exemptions so not gonna play it. Also, EVERYTHING GOES UP in a major short squeeze, even garbage like FCEL. When he makes a China deal, you'll be hosed if you're short. PDD went up yesterday and premarket even though Trump hit China with 125%.
I can't predict what Trump will do with China, so just pay attention to the news.
Nota
If you look at individual stocks, short interest and volume yesterday, you can see that there are short sellers left in some companies. I think everyone covered their TSLA short though, lol.The safe play if to wait for 3 hr MFI to hit oversold then go long. Algos are on.
Pesanan dibatalkan
NO LONGER BULLISH DUE TO BOND SELLOFF. See my gold posts.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.