hungry_hippo

hungry_hippo Updated 

Hit support from yesterday but not oversold yet. Gonna wait until tomorrow, maybe buy some calls or maybe stock for Friday. Indicators aren;t cycling from oversold to overbought, so probably just doing a small play.

hungry_hippo Updated 

Trend reversed overnight even though indicators didn't hit overbought. Indicators neutral, market going sideways. Might just take anotehr break since I'm sidelined anyways.

hungry_hippo

Got a bounce because RSI touched oversold, and there is a gap above, but I'm gonna wait until MFI goes oversold. AAPL looks like it found support, so that's good news or the bulls. This alternating up/down days are tough to predict, especially when indicators aren't showing anything.

hungry_hippo

Sorry, slept in. RSI is almost oversold but MFII isn't. I'll wait until tomorrow to go long. Would have been nice to catch that big drop with some puts, but indicators really didn't show a direction yesterday.

hungry_hippo

Indicators neutral. No idea which way the market goes tomorrow. Gonna wait until it either goes oversold or overbought. There is an open gap above that needs to fill before the market tanks. Valuation can't be justified by fundamentals, but there's just so much money still floating around that the market keeps wanting to go up, lol. At this point, I'm just...

hungry_hippo Updated 

Market gapped up because FDAX was oversold and got a bounce. NQ looks like it's headed to oversold, AAPL looks weak. Probably should've gotten up early and shorted a tech stock, but I slept in, lol. At this point I'm more inclined to go long when MFI gets oversold.

hungry_hippo Updated 

AAPL weighing on the market as yo would expect. I think NQ drops down when MFI gets overbought, but that won't happen until Monday I think. Keep in mind that futures have a gap above though. Earnings are a total crap shoot, but there are bets to be made in the same sector when a company reports bad earnings. GM went down with Ford, AFRM went red because of...

hungry_hippo Updated 

ES and NQ hit oversold on RSI and MFI as I expected, gap direction tomorrow depends on AMZN and AAPL earnings

hungry_hippo

FDAX also hit oversold on MFI and RSI AAPL/AMZN earnings are probably more important than Europe though.

hungry_hippo

Fitch downgrade left an open gap down yesterday after market close. You can tell the algos weren't planning on dumping, MFI actually hit overBOUGHT premarket. I don't recommend going long until MFI hits oversold. Then again I'm all cash right now, lol. You figure market had to dip sooner or later, but I can't predict timing on something like US debt rating. ...

hungry_hippo Updated 

Sideways action, though there was a dip because FDAX dropped as I predicted yesterday Taking a break from the market and working on some projects.

hungry_hippo Updated 

New ATH, lol. Doesn't matter if they're in a recession because ECB said they'll pause. This is about the dumbest thing I've ever seen the market do. Anyways, overbought on MFI and RSI. Be careful holding any long positions overnight.

hungry_hippo Updated 

Hit red right after I posted the RTY update for y'all, now flat. I don't think the market tanks until after AAPL earnings though. Probably a good week to take a break.

hungry_hippo Updated 

RTY and NQ MFI are overbought though RSI is not there yet. ES has not hit overbought. Not in a hurry to open a position, will wait to see if RSI gets overbought and short something maybe tomorrow or maybe even EOD today. Definitely not holding a long position overnight with FDAX overbought on both RSI and MFI. Would feel real silly if FDAX tanked tomorrow...

hungry_hippo Updated 

PCAR is forming a pennant, up side target is earnings gap fill, down side is the earnings bottom. Really weird intraday resistance at $85, which was my bull flag target that I last posted. Market seems bullish so I'm guessing gap fill.

hungry_hippo

FDAX hit the top and went overbought on RSI and MFI. Probably more whipsaw next week, staying cash. Hate it when indicators for different markets don;t match up, causes a lot of whipsaw. None of the US indicators are overbought yet.

hungry_hippo Updated 

MFI hit oversold, guess we're getting the usual Friday pump since PCE numbers came in as expected. Bought some PCAR stock while it was red, it needs a gap fill.

hungry_hippo Updated 

ES/NQ/RTY all hit overbought on RSI, small caps are slightly red now. I have no idea why Europe gets a 2% rally when ECB raised rates, that makes absolutely no sense whatsoever. Approaching a double top during a recession, lol. Whatever. Gap direction tomorrow will depend entirely on PCE numbers premarket. All I got are some BITO puts I bought with profits...