RSI just hit oversold again.
Still holding my long position but not adding any in case it goes further oversold Monday. Probably would have bailed if I hadn't gone out to lunch, but too late now, lol. Small position so I just let it ride.
Might be worth a stab if you don't have a position. Not gonna short anything since it's oversold. If I had to choose though I'd probably short RIVN because the lockup period ends Monday.
I would stay away from garbage stocks though, they all look really weak still. Pick something that actually beat on earnings and went down after an initial pop. I like AAPL and PCAR, but I mentioned that earlier today.
Still holding my long position but not adding any in case it goes further oversold Monday. Probably would have bailed if I hadn't gone out to lunch, but too late now, lol. Small position so I just let it ride.
Might be worth a stab if you don't have a position. Not gonna short anything since it's oversold. If I had to choose though I'd probably short RIVN because the lockup period ends Monday.
I would stay away from garbage stocks though, they all look really weak still. Pick something that actually beat on earnings and went down after an initial pop. I like AAPL and PCAR, but I mentioned that earlier today.
The market is acting all ass backwards, it looked like funds were buying AAPL but futures kept selling off and hit oversold twice on RSI today.
I think we get a one or two day bounce, market usually doesn't go straight down plus a few stocks managed to go green today. Plus the algos always make their money, so somehow they'll figure out a way to get their money back from the Wed pump.