NQ Premarket Update

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I guess I should've known they'd pump futures overnight because NQ hit oversold yesterday. Be careful holding anything overnight though, ECB meeting tomorrow premarket.

Probably just staying out, I think it's gonna be a whipsaw day
Komen
ECB meeting tomorrow and inflation numbers Tuesday. If you're chasing the melt up today, I suggest you have an exit plan.

I'm gonna snag some TLT puts as a bet that ECB takes a hawkish tone. Then again they read the same "Running a Central Bank for Dummies" book that Powell read, so anything can happen.
Komen
Projecting a rate cut with every market going parabolic is about the dumbest thing a central bank can do, but I have very little faith in the ECB or the Fed. Still gonna do a small options bet that they'll at least say the right things.... we'll find out tomorrow
Komen
I'm probably thinking way too ahead of the morons running central banks much like when I said QE during COVID was a big mistake. Anyways, if they allow the stock markets to go parabolic, commodity futures will rise with it because they always do. Then we get rebound inflation.

Could take a year or two to pan out, so don;t do short term trades on my long term projections.
Komen
BTW, AAPL finally bounced.
Komen
Turned out to be a whipsaw day after all, lol. Glad I stayed out
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