hungry_hippo

hungry_hippo Updated 

CRazy... way overbought and looks like a melt up. Got stopped out of my puts for even money, but I made plenty on the CPI pump so I'm done for the week. Not gonna short anything on Ponzi Friday. I'm not into chasing an overbought market, see ya guys Monday.

hungry_hippo Updated 

And now we're overbought on RSI and MFI. Dumped everything before I wrote this post. Made $4k on this stupid pump by going long yesterday, might take some of that and play for the dip tomorrow, but did well for a quick one day trade so might call it a week and go back to working on projects at home.

hungry_hippo

MFI went oversold and all we got was a gap fill, not even a dip. I guess they want to pump inflation numbers Wed morning, might day trade on the long side tomorrow.

hungry_hippo

Got stupid overbought and only a small dip today. I'll just wait it out and see if it cycles to oversold. Decided to relocate so I've been busy trying to finish up projects at home. Don't really have time to watch the market.

hungry_hippo Updated 

Oversold on the daily but no traction on a big up day for the market. Quit frankly higher unemployment is bad news, not good news. PCAR typically trades with the news, unlike the rest of the market, lol. But regardless, I'm beginning to think it loses the support next week and has yet another leg down. It's looking like a dead play now.

hungry_hippo

Overbought on RSI and MFI, I would expect at least a dip tomorrow

hungry_hippo Updated 

Not overbought yet. Looks like Monday will be a pump and dump day. I guess I should have more faith in the market that they'll find a way to pump AAPL on bad earnings, lol. Not feeling very bullish because earnings didn't justify valuation, and my favorite stock, PCAR, is still dropping, lol.

hungry_hippo Updated 

They beat on earnings but barely. Substantial selloff in terms of price, but not volume. Almost hit the bear flag target, and it's oversold on the daily with positive MFI divergence, but I'm gonna wait until tomorrow to see if it hits my target before going long. If it doesn't I'll skip the trade.

hungry_hippo Updated 

Looks to me like the algos are going for the pump and dump. Gap direction will depend on AAPL earnings though so I'll wait to see what happens. MFI probably hits overbought tomorrow either way

hungry_hippo Updated 

Indicators are neutral but MFI rapidly approaching overbought. Quite frankly, I'm bearish on AAPL earnings this afternoon anyways

hungry_hippo

WTF was that? LOL, Powell pump and dump in just one hour. I know I keep saying Fed days always whipsaw, but that was ridiculous. Futures up a little on QCOM earnings, Europe might bounce overnight, sold of hard this morning, more whipsaw. Anyways, it messed up the indicators, so no trading until things go overbought or oversold. Taking the rest of the week off.

hungry_hippo Updated 

RSI hit oversold at close yesterday, MFI still oversold. Guessing we get a Powell pump this afternoon, but watch out for teh whipsaw

hungry_hippo Updated 

Mentioned this in the NQ post, ES is not oversold yet on RSI or MFI. Recommend waiting until tomorrow to buy the dip, though gap direction may depend on earnings. AMZN tonight, QCOMM tomorrow, AAPL on Thu afternoon.

hungry_hippo

Oddly, we got the dump with no pump today. MFI is oversold but RSI is not. ES and RTY are not oversold on any indicator. On top of that, my favorite stock, PCAR, took a complete crap on earnings, lol. Gonna wait until tomorrow for a long position. Made a little money with puts today, but I'm just playing with small positions. More room for downside, but...

hungry_hippo

MFI overbought but RSI is not yet. Guessing pump and dump tomorrow, I'll wait.

hungry_hippo Updated 

MFI already oversold, but RSI is not. Considering ES has an open gap below, I recommend waiting. It's my birthday tomorrow, so not opening any trades today, good luck. BTW, this is why I keep saying earnings are crap shoots, lots of people got burned pumping for META (FB) earnings. MSFT and GOOGL AH today, but both gapped down last time.

hungry_hippo Updated 

I said yesterday that it would get overbought today and go down. Well, here we are. Made a little money with puts like I said I would. Indicators now neutral, META earnings probably dictates gap direction tomorrow. Just gonna stay cash and take potshots at the market with options. I'm guessing MFI will cycle fast like it did a a couple of weeks ago, just...

hungry_hippo Updated 

Looks like it'll hit overbought on MFI and/or RSI tomorrow, have an exit plan.