Odd stuff, RSI headed to oversold, MFI headed to overbought.
Fed minutes released Wed afternoon, might just wait until after that happens. Kinda expecting a short squeeze pop sooner or later.
With interest rates where they are, there's no need to force a trade. Money market is just fine, lol.
Fed minutes released Wed afternoon, might just wait until after that happens. Kinda expecting a short squeeze pop sooner or later.
With interest rates where they are, there's no need to force a trade. Money market is just fine, lol.
Nota
HD earnings before market open tomorrow. HD is part of the Dow, but small caps move with retail, so watch out for that.Nota
My guess is that either HD or TGT beats and they pump small caps later this week. How many times have we seen stocks jump on because they beat reduced guidance? Like every quarter, lol.Nota
Well, I made some decent beer money playing PCAR for the gap fill, when in doubt play something you're familiar with.... I guess. Decided not to hold overnight because I have no idea which way HD earnings will go.Might just sit out tomorrow. ES MFI is overbought, but it'll pop up eventually because of the open gap above. Probably best to wait until indicators go oversold.
If I'm watching I gotta play something, and that can be dangerous in a whipsaw market. Might just sleep in tomorrow, didn;t sleep well last night anyways. (I'm west coast, and market opens at 6:30am)
Nota
Pretty sure tomorrow's gap direction will be determined by HD earnings, looking at that chart, it's not something I want to bet onNota
I bought some XRT puts with my PCAR profits for the HD earnings bet tomorrow morning.Waiting for indicators to go oversold before I make any big bets
Nota
REtail sales are supposed to go up .4% m/m, but I think HD earnings will have more of an impact. Just a small play, decided not to add because of retail sales numbers coming out.Nota
I dunno, I bought some GM puts because it doesn't look like it can rally until the UAW contract gets settled.I really don't see any compelling trades. Just holding a few options so I get up for market open tomorrow. Seems all you can do is make beer money off of gap plays.
Nota
overslept, dumped my puts for 50% profit between XRT and GM, lol.Stupid whipsaw market, indicators are in neutral territory again, no direction.
Nota
Funny thing is, HD actually went green and XRT went red anyways, lol.
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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.