NQ RSI Oversold

Apr 25, 2023

Went to grab some lunch (I'm on west coast) and noticed that RSI hit oversold on ES, NQ, and RTY. MI is not quite there yet but it'll hit it before market open tomorrow. If you;re short, I suggest closing some positions if not all.

Oddly, this is an indicator for me to buy PCAR, lol, but I think the earnings play was good enough since I'm taking the day off tomorrow. Gap direction will still depend on GOOG and MSFT earnings.

All cash, no trades, but I figure I'd post this for my awesome loyal followers.

Apr 25, 2023

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My best guess is that tomorrow will be a gap down and reversal day. I probably won't get up early enough to trade it though, lol.

Apr 25, 2023

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I think there's a pretty good chance that the algos run a pump and dump for Friday CPE numbers. If I wasn't taking the day off tomorrow, I'd go into next week's calls and hold until Friday morning.

Apr 25, 2023

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MSFT and GOOG both up 4% AH, QQQ up $ 2.5. I assume gap up tomorrow.

I told you guys to close your short positions.

Apr 25, 2023

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PACW also up AH, financials will probably go up which means. More whipsaw, lol.

Not entirely surprising considering we all expected mixed earnings (or at least I did). Today could be a bear trap.

No update tomorrow morning. Thanks for the birthday wishes. Appreciate all of my followers even though I do this for kicks and giggles. I wouldn't be posting if I didn't have followers, lol.

Apr 25, 2023

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Remember PCE numbers Friday before market open. META tomorrow, AMZN Thu.

More whipsaw coming.