NQ Update
Updated
Well, I went to lunch thinking the market wasn't gonna do much more and then it tanked, lol. I don't think it was the algos selling off today, I think it was actual stock selling. NQ MFI barely moved.
Powell keeps crushing the market, so I think the market is toast. Doesn't mean you can make money off of puts every day. Wish I was paying attention though because I definitely would have short bitcoin or GM as I mentioned earlier, lol.
Be careful going long on anything for a while. I really wouldn't hold a long position overnight now.
Powell keeps crushing the market, so I think the market is toast. Doesn't mean you can make money off of puts every day. Wish I was paying attention though because I definitely would have short bitcoin or GM as I mentioned earlier, lol.
Be careful going long on anything for a while. I really wouldn't hold a long position overnight now.
Note
Aside from warning everyone that the market was gonna whipsaw, I wasn;t of much use today. At least I warned everyone.Indicators are not working right now on these central bank news, Sweden and US Fed, wasn;t a good week to trade. I lost money myself holding GM calls Monday night, though I made a grand in my 401k with PCAR again.
Disclaimer
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.