hungry_hippo

hungry_hippo Apr 22, 2024

NQ and RTY filled the gap from yesterday, but ES still has a small open gap. Also, MFI isn't moving much. I see lots of stuff in the red as well. Running errands today, staying out.

hungry_hippo Apr 22, 2024

MFI went oversold last night, but there's also an open futures gap. Don't have time to watch the market today so I took the easy money and cashed out. I think it'll double bottom before going up because of the open gap. Guessing TSLA tanks on earnings. Gold down big caused Brazil (EWZ) to go red. Barely made any money on those calls.

hungry_hippo Updated  Apr 19, 2024

I guess the daily had to go oversold during market hours, not during Asian hours. Looks like a double bottom Went long again on the drop, but no tech stocks. Brazil held strong on that drop, I've got some EWZ calls for next week. Had sold it once and bought back for a bit cheaper, it didn't drop much when the US market dropped. I rarely trade US index fund...

hungry_hippo Updated  Apr 19, 2024

RSI hit oversold last night, expecting a rebound next week. Decided to take a small long position with both calls and stocks, don;t really trust this market, lol.

hungry_hippo Apr 19, 2024

Daily RSI hit oversold yesterday on teh Israel bomb drop, RSI not longer oversold on 3hr because of the rebound. MFI still oversold. Probably a whipsaw day because of NFLX earnings. Gonna opt to just sit out until Monday, and figure it out then

hungry_hippo Updated  Apr 19, 2024

RSI hit oversold, MFI buried in oversold territory. If it wasn't for he situation in the middle east, I'd go long right now. I just don't care to hold a long position overnight, the probability of an Israeli attack increases daily. Plus I figure they'll attack on Friday (Muslim holy day) since Iran attacked on Saturday (Jewish holy day). Also, NFLX earnings AH today

hungry_hippo Updated  Apr 19, 2024

Much like ES, NQ daily is not oversold yet. Everything says wait until next week. NFLX beat, but guidance wasn't all that great. Red AH.

hungry_hippo Updated  Apr 19, 2024

I don't like the fact that the market didn't bounce with MFI oversold on my 3 hr chart, so at this point, I'm inclined to wait until the daily indicators go oversold before buying the dip. Why give away your profits for the year? Makes more sense to be cautious. Gonna sit back and watch Iran and Israel do their thing.

hungry_hippo Updated  Apr 18, 2024

Not sure if it matters but NQ MFI went oversold. Probably just gonna close my puts on open for a small gain and stay cash. Not going long until daily indicators go oversold on ES1!

hungry_hippo Updated  Apr 18, 2024

Not oversold yet, if you're looking to play the bounce, I suggest waiting until next week. I anticipate an Israeli attack before Monday anyways.

hungry_hippo Updated  Apr 18, 2024

WTF was that? 15 minute pump, 15 minute dump. Talk about a bull trap. I don't recommend going long until after Israel bombs Iran, that should cause the daily to go oversold. Look to play the bounce a day or two after it happens. Note: 15 min chart, ignore the indicators, they just show up because of my template

hungry_hippo Updated  Apr 17, 2024

Well, I posted last night that I wasn't gonna trade. Expecting a bounce tomorrow, but probably too small to make it wort teh risk. If a market can melt up, it can melt down as well. My advice is to just stay cash and take a break.

hungry_hippo Apr 16, 2024

All 3 indicators are oversold, but quite frankly I'm not very bullish. I'd rather short the pumps at this point. Probably not trading tomorrow. My best guess is that Israel will attack on April 26th, because it's my birthday, lol.

hungry_hippo Apr 15, 2024

ES hit the bottom trendline, but like I said last week, I'm not going long until both RSI and MFI hit oversold. Quit frankly I'm scared to hold any long position overnight, so probably just gonna day trade tomorrow if it does go oversold. I didn't post this morning because I wasn't quite sure what the market was gonna do, MFI hit oversold premarket, but the...

hungry_hippo Updated  Apr 15, 2024

The sideways drift continues, lol. Only gonna go long when RSI and MFI hit oversold, we're not there yet

hungry_hippo Updated  Apr 15, 2024

Boy the market is moving fast. RSI already hit oversold. Closed out my puts, going all cash for the weekend. If Iran doesn't do anything, we'll probably see another pump Monday, lol. Crazy whipsaw market, pay attention to the channel I drew (unless Iran actually does something)

hungry_hippo Updated  Apr 12, 2024

Rapidly approaching oversold, lol. Really odd market though, gold and oil gave up the morning pump, it;s like everyone's just going cash, bonds are up. Also, PCAR got the gap fill despite the market, didn't play it because I didn't think the risk was worth a buck movement.

hungry_hippo Updated  Apr 12, 2024

Crap. Reversed at the top channel line and MFI is now overbought. Rumor is Iran is supposed to start shit this weekend, Europe went up then sold off.