RTY Way the heck Overbought

24 בנוב׳ 2020

Expecting this to start dropping either this afternoon or tomorrow.

You definitely don't want to chase small caps.

24 בנוב׳ 2020

הערה

Dow is also overbought, posted it.

ES and NQ are in the middle, no indication of direction....

24 בנוב׳ 2020

הערה

If you're going to short I recommend next week's puts.... though I'm expecting profit taking tomorrow

24 בנוב׳ 2020

הערה

I might wait until tomorrow, we'll see.

24 בנוב׳ 2020

הערה

Faded the gap on BYND and also just flipped my NFLX puts from yesterday. All cash again.

24 בנוב׳ 2020

הערה

MFI is through the roof but FAANG stocks appear to have reversed, so at least one more day of pumptardedness

24 בנוב׳ 2020

הערה

Sector rotation.... small caps getting weaker and tech going up.

24 בנוב׳ 2020

הערה

There's a chance he market could gap up because NQ is not overbought yet, but I expect profit taking before the holiday weekend. Volume is usually light on Turkey Friday

24 בנוב׳ 2020

הערה

Looks to me like RTY and YM will probably be flat tomorrow, while ES will go up the usual 20 pts, and NQ will go pumptarded because it's not overbought yet, lol.

Fade the gap on a crappy stock like BYND tomorrow....

24 בנוב׳ 2020

הערה

MFI started dropping in the afternoon, probably the final pump and dump tomorrow.