Day 4 of the short squeeze, went overbought with MFI divergence.
This is why I said wait 4 days until shorting, lol. Could still be a melt up, but at this point I think .50% hike is priced in. (The market had .75% priced in for December, hence the rally)
Could still be a melt up, you never know.
This is why I said wait 4 days until shorting, lol. Could still be a melt up, but at this point I think .50% hike is priced in. (The market had .75% priced in for December, hence the rally)
Could still be a melt up, you never know.
Comentário:
Algos still pumping, lol.
You gotta be crazy or stupid greedy to go long here, ain't worth the risk. Makes more sense to short Europe with next week's puts
You gotta be crazy or stupid greedy to go long here, ain't worth the risk. Makes more sense to short Europe with next week's puts
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Indicators don't mean crap at this point, pay attention to the news. We'll see how NATO countries react.
No predictions
No predictions
Comentário:
Rolled into some EWG, EWU , and TUR puts
We'll see where this goes, can;t imagine Europe will keep pumping their on this news.
We'll see where this goes, can;t imagine Europe will keep pumping their on this news.
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The other factor is that my favorite stock is red, lol. PCAR looks topped out, so no reason for me to go long. Same with GM, etc
NATO won't start a war with Russia, but they're gonna at least have to mobilize some troops to the border.
NATO won't start a war with Russia, but they're gonna at least have to mobilize some troops to the border.
Comentário:
Added some more EQG and EWU puts, done for the day. We'll see where it goes, can;t imagine Europe continuing to pump the market, but we'll see.
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