Waiting for 2 hr chart to show overbought before shorting the market.
Like I said yesterday, chip stocks are the only sector I would short, SMTC down big AH on earnings. Futures scrolling up again AH, oil and $NDX broke out today.
Komen:
It looks to me like they're setting up for one final pump tomorrow, 401k pay day Friday where funds are forced to buy. I'd want to see the 2 hr chart get more overbought before shorting the market. If it doesn't so what.... too much FOMO on Trading View. More than likely next Wed/Thu will be a good short opportunity for a quick flip, like last week.
Long on NOK and HEAR, will probably be almost all cash going into the weekend. No point in holding a position long or short not knowing what's gonna happen with China.
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.
Long on NOK and HEAR, will probably be almost all cash going into the weekend. No point in holding a position long or short not knowing what's gonna happen with China.