hungry_hippo

hungry_hippo Updated 

Sorry, slept in and missed all the fun. Appears the algos are indeed doing the pump and dump regardless of intraday action. Why pump the market during the day when it's so much easier to do premarket on low volume? (Kinda reminds me of those meme stocks, lol) Not gonna short anything until it gets overbought on RSI which should happen tomorrow on Ponzi Friday....

hungry_hippo Updated 

RSI and MFI bounces as expected, chart pattern looks like a backtest than a rally. I cashed out earlier today, not sure which way the market gaps tomorrow, but I expect MFI to hit overbought so have an exit plan if you do short term trading.

hungry_hippo Updated 

RSI and MFI both hit oversold, flipped my puts. Didn't pick the best stocks to short so I made some money but not a lot. THought about going long but I'll wait until this afternoon. Got other stuff to do, plus I'm always a bit too early anyways, lol.

hungry_hippo

Market has just been going sideways for over a month, probably a good time for a break, lol. Earnings season coming up, probably more whipsaw

hungry_hippo

Inflation numbers tomorrow, MFI will go overbought Monday regardless of which way it gaps. Staying cash for now, since I missed the big pump yesterday afternoon.

hungry_hippo Updated 

Not overbought yet, probably gets there tomorrow. ES and NQ MFI still oversold, hasn't moved. Really strange day. Gonna stay cash, figure it out next week.

hungry_hippo Updated 

Crazy market, Euros with the pump again. Bailed on my AAPL puts for a loss, made it back day trading AFRM puts. I think I'm just gonna day trade for a few days, there's just crazy rotations everywhere. Today AAPL is up and NVDA is down, lol. QQQ went red. Nuts. I have no idea what the market is doing, not gonna post until inflation numbers come out Friday. ...

hungry_hippo Updated 

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...

hungry_hippo Updated 

MFI heading down but RSI isn't moving much. That's an indication of a melt up. Closed my AAPL puts right after open, I was hoping for a gap down and didn't get it. Anyways, just a dip today, and small caps made a much bigger dip. Will go long when MFI hits oversold, probably Monday

hungry_hippo Updated 

Overbought and AAPL is dead red today. It's down so much, it's knocked over a dollar off of QQQ. I was gonna fade the gap this morning, but bought a few AAPL puts instead, glad I did, looks like I'll make some money this week after all, lol. Next time, I will NOT underestimate the Village Idiots (the Fed) and just go long. Oddly, I'm glad I didn't because AAPL...

hungry_hippo

MFI and RSI now overbought, best guess is a pump and dump tomorrow.

hungry_hippo Updated 

Well, here comes the Fed whipsaw! MFI already hit overbought, RSI hasn't. All I can tell you is that I expect this whipsaw to be pretty big

hungry_hippo Updated 

Indicators are neutral, not sure what the market is doing. Guess I shouldn't have worried about gap direction and bought into teh oversold condition Friday. The premarket dumping and pumping isn't making much sense to me the last couple of trading days, so staying out for now.

hungry_hippo

I feel like there's a high potential for a gap down Monday for US market if Europe rolls over, FDAX indicators pointed in that direction. Not worth the risk, staying cash.

hungry_hippo

NQ hit oversold, ES hasn't. Still just gonna wait until Monday, and hope for a gap down. It is Ponzi Friday and options expiration, so we could see a bounce EOD. Not gonna play it.

hungry_hippo Updated 

Rut row, bottom channel broke and it looks like RSI is gonna go oversold. Still more room to teh downside before that happens. Cashed out my PCAR stock for a nice gain, better lucky than good, I guess. Made so much money off that stock though...

hungry_hippo Updated 

MFI hit oversold as predicted, same with NQ. RTY is a bit interesting, RSI hit oversold but MFI didn't. Not sure which way the market gaps tomorrow, but it is Ponzi Friday, and it looks like the market wants to pump going into the Fed meeting because Powell told Congress last week that he's cutting rates. It's the Village Idiot rally, lol.

hungry_hippo

Well there's the pump and dump with the Thu dip I predicted earlier this week. Probably melts back up when MI hits oversold. Gonna wait until MFI goes oversold, maybe a small long play EOD for Ponzi Friday