MFI bounced even though it did not quite hit oversold, so I bought some AAPL calls and QQQ ETF for my retirement account before the late afternoon pop.
Market gapped down but held it's own the last 2 days, that makes me bullish for next week. Maybe the gap fill is still valid, we'll find out next week.
Market gapped down but held it's own the last 2 days, that makes me bullish for next week. Maybe the gap fill is still valid, we'll find out next week.
Trade active
Key dates: Wed PCE numbersWed April 2nd more tarriffs
My plan? Get out of the market by Wed then watch for a week.
Note
GAP ALERT!ES gapped up ~22 pts on Sunday open, this gap will have to fill, but I'm thinking the gap above fills first. In any case, expect more whipsaw the next 2 weeks, do not overcommit long or short, be flexible.
Trade closed: target reached
Upper gap is basically closed, got a sinus infection so closed out all my positions and probably not trading until next week.Sucks that I called the market correctly but picked the wrong stock, should've stuck with XLF. Index and sector funds are much easier to predict than individual stocks, AAPL didn't do crap today because everyone was too busy pumping TSLA, lol.
The market will eventually close that gap below, but probably doesn't turnaround until the tariff announcement next Wed. Being that I'm sick, no reason to trade the ensuing whipsaw. PCE numbers Wed.
Good luck. Will post updates if I feel better.
Note
SPX, NDX, and RTY all filled gaps, Dow futures has not filled yet, but I assume that will happen Wed
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.