Looks like the market is getting a pump from the idiot Fed in Europe talking about rate cuts again. Rates do matter, so that is real news.
Would appear that we're getting a three drives pattern and a wedgie. Expecting an exhaustion gap tomorrow. Look for indicators to go overbought and short the market, it's not worth chasing up here.
I got lucky and managed to dump all my puts for even money this morning (those stocks are now well in the green). Only have 2 positions right now, long on SMSI short on WORK.
No index positions right now, but looking to short maybe tomorrow.
Would appear that we're getting a three drives pattern and a wedgie. Expecting an exhaustion gap tomorrow. Look for indicators to go overbought and short the market, it's not worth chasing up here.
I got lucky and managed to dump all my puts for even money this morning (those stocks are now well in the green). Only have 2 positions right now, long on SMSI short on WORK.
No index positions right now, but looking to short maybe tomorrow.
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Market is now in full pumptard mode, I sold my WORK puts while I still had profits.
I think the market tanks on NFLX earnings AH tomorrow. That's my guess for now, will look at shorting stuff tomorrow. Carrying SMSI calls and stock for earnings next week, that's all for today because I think they pump futures overnight so that they can dump tomorrow.
Even if it dips this afternoon, not going short, end of day action isn't indicative of futures direction right now.
I think the market tanks on NFLX earnings AH tomorrow. That's my guess for now, will look at shorting stuff tomorrow. Carrying SMSI calls and stock for earnings next week, that's all for today because I think they pump futures overnight so that they can dump tomorrow.
Even if it dips this afternoon, not going short, end of day action isn't indicative of futures direction right now.
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It may not have followed my predicted pattern, but it looks like we'll get a FAANG stock futures pump now that NFLX managed to increase subscribers...
Stayed out of the market today, though I still have SMSI shares. Decided not to chase a whipsaw day, glad I didn't.
Stayed out of the market today, though I still have SMSI shares. Decided not to chase a whipsaw day, glad I didn't.
Afternoon trading has been pretty weak as of late, so there's a small chance it happens today.