Updated

ES update

Indicators neutral, not much of an MFI pump so far. Maybe RSI needs to hit oversold before we get the next pump.

Market appears more afraid of missing the next pump than it is of the next dip. I don't recommend shorting anything. If in doubt, just go cash, and buy when RSI hits oversold. BTFD, don't fight the Fed, Powell is in complete pump mode.

Lots f garbage stocks up today, BYND and PTON are at the top of my board along with crap like W, NET, AFRM, LPSN. That pretty much tells you everything you need to know.

I only recommend doing options when indicators hit oversold or overbought, right now indicators are neutral. I suppose you could gamble on a garbage stock and hope for a short squeeze, like maybe BYND. Not really my thing though (but I have done it before).

Note

If anything is gonna make ES RSI hit oversold, it's probably AAPL. I think it loses the support, so watch out if you're gonna bet on index funds. Long or short, I think you need to bet on individual stocks to make any money.

I made some money by going long yesterday, not really digging the action. Decided to just go all cash and take a day off tomorrow. Good luck.

Note

At this point I'm just waiting for RSI and/or MFI to hit oversold again before going long.

I'm only slightly bearish, probably just another dip because of AAPL. I closed out because GM looks like it rolled over, and my other stocks weren't doing much.

Note

That's pretty funny, SPX went red less than an hour after I posted, lol.

I snagged some long dated AAPL puts for kicks and giggles, hard to say when it'll break support, probably before earnings though.

Note

PCE numbers come out Friday on a stock market holiday. Big gap Monday, might be worth doing a straddle Thu before close (or be ballsy and do a one sided trade).

Typically only stuff that trades on the off day (like shitcoin) have a holiday premium, most stocks won't have that extra day of premium since they don't trade.

hungry_hippo

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hungry_hippo