NQ Update

Overbought on MFI and RSI, but you probably figured that already. Hitting the upper trendline, but I think it will probably break the channel eventually, just not tomorrow.

Expecting a dip because the market usually goes down only on Thursdays during a bull run. No predictions except a dip tomorrow, no idea what happens Friday with employment numbers. At this point I expect them to pump bad news.

All index futures basically look the same though NQ is the most overbought.

Oddly enough, I'm up for the day now now because I'm shorting WMT. Imagine making money on a 3% up day with puts on a Dow component, lol.

הערה:

Apparently I was right earlier this week, this was a Fed pump (Bullard). Apparently he had nice things to say about Biden's wife or something, lol.

www.cnbc.com/2022/08...no-us-recession.html

הערה:

Bullard actually said 3.75%-4% by end of the year. Not sure how that's bullish, lol.

הערה:

Well there's the dip I promised, FDAX filled the gap and rolled over. Everything is still overbiught,m so not bullish for tomorrow anymore. Employment nuumbers tomorrow, probably a premarket whipsaw

הערה:

I still think the algo game plan is pump and dump tomorrow, flipped my WMT puts and probably done for the week. Made decent money.

I might buy a grand or two of BITO (shitcoin) puts to carry over the weekend if it;s red tomorrow. The tank always happens over the weekend, lol.

הערה:

SHorted BTC with next week's BITO $13.5 when it started going down, also went long on PCAR stock again, lol. So hedged bet for tomorrow.

My theory here is that employment numbers will be good, yields rise but they pump the market on good news, because no good news is good news (no recession) and bad news is also good news because then yields will fall, lol.

The bet is that bond yields will rise though. PCAR is a dividend stock and BTC is garbage, lol.