


hungry_hippo
Looks to me like it;s headed up for a day at least. PPI numbers were good. Remember how I said yesterday that it'll be a much easier trade if teh market gaps down? The gap up sold off then the market bounced back. FDAX is oversold so went long but cashing out tomorrow.
FDAX hit oversold on the morning dump Probably an up day for Ponzi Friday
I might play the bounce if we get a big gap down tomorrow with my 3hr chart going oversold, but I think the next big bounce doesn't happen until the daily indicators go oversold. If you like to play it safe, and you don't watch the market on a daily basis, I suggest waiting a couple of weeks, maybe 3. CPE numbers don't come out until April 26th, which happens to...
Expecting indicators to go further oversold before a real bounce. You figure all the idiots that bought yesterday have to sell. Also, I'm convinced the drop last week was because the numbers leaked out. How hard is it to bribe govt statisticians? Was tempted to do a gap fill play on PCAR but will wait until tomorrow to go long.
If AAPL loses support, it's a long ways down. I assume a lot of people have stop loss in mind, if not an order already. AAPL is so heavily tied to the indices, the next down leg on NASDAQ:NDX and SP:SPX will cause it to drop below support. Could happen as soon as tomorrow.
Not actively trading but took a look for my followers. Indicators are not oversold yet, wait for one more drop if you plan to play the bounce. Be careful playing the dip though, AAPL could lose support and my favorite stock, PCAR, took a shit today.
A very distinct pennant formation on Bitcoin. Pennant patterns are more often continuation patterns, and not reversals, especially since there's not earnings report with crypto unlike stocks. Something to watch out for next couple of weeks,
Not sure about US market gap direction tomorrow, so looking at FDAX. Not oversold yet, so another Euro selloff could cause US markets to gap down tomorrow. Decided not to go long yet, probably tomorrow.
I talk about pump and dumps all the time, you can see that they did a low volume premarket pump and dumped on volume today. It's too bad my 3 hr indicator didn't hit overbought on the pump, I was waiting for tomorrow to buy puts, lol. It's funny how I said yesterday that I had no clue what was gonna happen today. Well, today would've been really hard to...
Wow, RSI hit oversold already. I couldn;t figure out what was gonna happen yesterday, and there's really no way to have predicted this, lol. We could see a bounce, but I'm not playing it. Staying cash.
Sorry, slept in and missed all the fun. Appears the algos are indeed doing the pump and dump regardless of intraday action. Why pump the market during the day when it's so much easier to do premarket on low volume? (Kinda reminds me of those meme stocks, lol) Not gonna short anything until it gets overbought on RSI which should happen tomorrow on Ponzi Friday....
RSI and MFI bounces as expected, chart pattern looks like a backtest than a rally. I cashed out earlier today, not sure which way the market gaps tomorrow, but I expect MFI to hit overbought so have an exit plan if you do short term trading.
RSI and MFI both hit oversold, flipped my puts. Didn't pick the best stocks to short so I made some money but not a lot. THought about going long but I'll wait until this afternoon. Got other stuff to do, plus I'm always a bit too early anyways, lol.
Market has just been going sideways for over a month, probably a good time for a break, lol. Earnings season coming up, probably more whipsaw
Inflation numbers tomorrow, MFI will go overbought Monday regardless of which way it gaps. Staying cash for now, since I missed the big pump yesterday afternoon.
Not overbought yet, probably gets there tomorrow. ES and NQ MFI still oversold, hasn't moved. Really strange day. Gonna stay cash, figure it out next week.
Crazy market, Euros with the pump again. Bailed on my AAPL puts for a loss, made it back day trading AFRM puts. I think I'm just gonna day trade for a few days, there's just crazy rotations everywhere. Today AAPL is up and NVDA is down, lol. QQQ went red. Nuts. I have no idea what the market is doing, not gonna post until inflation numbers come out Friday. ...
Indicators neutral, not much of an MFI pump so far. Maybe RSI needs to hit oversold before we get the next pump. Market appears more afraid of missing the next pump than it is of the next dip. I don't recommend shorting anything. If in doubt, just go cash, and buy when RSI hits oversold. BTFD, don't fight the Fed, Powell is in complete pump mode. Lots f...