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.
הערה:
HD earnings before market open tomorrow. HD is part of the Dow, but small caps move with retail, so watch out for that.
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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.
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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)
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)
הערה:
Pretty sure tomorrow's gap direction will be determined by HD earnings, looking at that chart, it's not something I want to bet on
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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
Waiting for indicators to go oversold before I make any big bets
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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.
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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.
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.
הערה:
overslept, dumped my puts for 50% profit between XRT and GM, lol.
Stupid whipsaw market, indicators are in neutral territory again, no direction.
Stupid whipsaw market, indicators are in neutral territory again, no direction.
הערה:
Funny thing is, HD actually went green and XRT went red anyways, lol.