RTY Update 10/9
Well, I was all cash and overslept, lol. I'm on the west coast, not waking up at 6am when I'm all cash.
I warned everyone last night about "stimulus" news, everything overbought but still rallying. If they agree to a deal over the weekend, we get a huge gap up on Monday, despite all indicators. All other world indices were slightly red, which I expected and I wasn't going to bet against my indicators, so I stayed out.
RTY MFI did drop, and it will pop again when MFI gets oversold, so look for another pop next week on stimulus to close the COVID gap. YM (Dow) dropped when it closed the gap, expect the same here.
Wish I had bout FTNT or DLTR calls, both were on my radar. Oh well.
Also, don;t short on Friday afternoons, market always seems to rally. I think all cash and fade the gap when stimulus news is announced.
I warned everyone last night about "stimulus" news, everything overbought but still rallying. If they agree to a deal over the weekend, we get a huge gap up on Monday, despite all indicators. All other world indices were slightly red, which I expected and I wasn't going to bet against my indicators, so I stayed out.
RTY MFI did drop, and it will pop again when MFI gets oversold, so look for another pop next week on stimulus to close the COVID gap. YM (Dow) dropped when it closed the gap, expect the same here.
Wish I had bout FTNT or DLTR calls, both were on my radar. Oh well.
Also, don;t short on Friday afternoons, market always seems to rally. I think all cash and fade the gap when stimulus news is announced.
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