RTY Update

210
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.
Not
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.
Not
Speaking of which PTON looks like it;s trying to fill the gap, might sort it if it goes green.
Not
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.
Not
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.
Not
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.
Not
Looks to me like this afternoon rally could be pretty strong

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.