RTY and NQ MFI are overbought and it's starting to look a lot like my overlay.
We'll see what the algos do premarket, but looks pretty bearish, Euros did not pump as I expected.
We'll see what the algos do premarket, but looks pretty bearish, Euros did not pump as I expected.
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Well, thank God I picked stocks that don't like to gap much. 1k shares of PCAR and I made beer money, lol. Good news is bad news for the market, lol. Should've just stuck to shorting PTON.
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Speaking of which PTON looks like it;s trying to fill the gap, might sort it if it goes green.註釋
So I snagged some PTON puts, just a few and I'm calling it good. I think the market just whipsaws the rest of the day.Wish I had dumped all my long plays EOD yesterday, but it sure seemed like a breakout. Lost most of my profits. Looks to me like a lot of people did the same thing and dumped on open to avoid a loss.
From here out, I'm sticking to the play and buying when oversold, shorting when overbought and getting out quick. When in doubt, short PTON, lol.
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Right now is a good time to look for stocks that are ratcheting down. We're still higher than Wed close, but a lot of stocks are well below that like PTON.Unfortunately for the market, AAPL is on the list, that's bearish.
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By ratcheting, I mean they go down more than up given the same amount of movement on the indices.Smaller up movement than down when the market whipsaws sideways, hence ratcheting.
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Looks to me like this afternoon rally could be pretty strong免責聲明
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