Overbought and hit resistance.
Monday is probably a down day for everything. I think this "flight to tech" is a bit strange, almost old school where everyone would jump into FAANG stocks when they got scared, lol.
Small caps in a full on collapse, I think small caps drag everything down. Plus I think the Fed goes .25 if not .5%, they have to tank the market to control inflation.
Got stopped out of my PCAR position, and did the only thing you can do, short PTON, lol.
Monday is probably a down day for everything. I think this "flight to tech" is a bit strange, almost old school where everyone would jump into FAANG stocks when they got scared, lol.
Small caps in a full on collapse, I think small caps drag everything down. Plus I think the Fed goes .25 if not .5%, they have to tank the market to control inflation.
Got stopped out of my PCAR position, and did the only thing you can do, short PTON, lol.
Nota
BTW, don;t chase PTON at this point, it probably finishes the day at $10 because of options expiration. Lots of $10 puts that the market makers will want to wipe out, I did next week's so I'm holding.Nota
As soon as I was done posting this plot.... lolSorry, but I gotta get my trades in before I post plots
Nota
The market is still pumping tech because they are now expecting a rate CUT. See my US03MY plot. Unless Powell is a complete moron, he won't cut and the market absolutely tanks Wed.Then again, I do call him the Village Idiot for a reason, lol. Who knows....
Nota
As I said earlier today, PTON is gonna finish above $10.... I flipped my puts earlier today, but will probably buy a few EOD for kicks and giggles.
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.