hungry_hippo

hungry_hippo

Indicators are neutral but MFI rapidly approaching overbought. Quite frankly, I'm bearish on AAPL earnings this afternoon anyways

hungry_hippo

WTF was that? LOL, Powell pump and dump in just one hour. I know I keep saying Fed days always whipsaw, but that was ridiculous. Futures up a little on QCOM earnings, Europe might bounce overnight, sold of hard this morning, more whipsaw. Anyways, it messed up the indicators, so no trading until things go overbought or oversold. Taking the rest of the week off.

hungry_hippo Updated 

RSI hit oversold at close yesterday, MFI still oversold. Guessing we get a Powell pump this afternoon, but watch out for teh whipsaw

hungry_hippo Updated 

Mentioned this in the NQ post, ES is not oversold yet on RSI or MFI. Recommend waiting until tomorrow to buy the dip, though gap direction may depend on earnings. AMZN tonight, QCOMM tomorrow, AAPL on Thu afternoon.

hungry_hippo

They beat on earnings but barely. Substantial selloff in terms of price, but not volume. Almost hit the bear flag target, and it's oversold on the daily with positive MFI divergence, but I'm gonna wait until tomorrow to see if it hits my target before going long. If it doesn't I'll skip the trade.

hungry_hippo

Oddly, we got the dump with no pump today. MFI is oversold but RSI is not. ES and RTY are not oversold on any indicator. On top of that, my favorite stock, PCAR, took a complete crap on earnings, lol. Gonna wait until tomorrow for a long position. Made a little money with puts today, but I'm just playing with small positions. More room for downside, but...

hungry_hippo

MFI overbought but RSI is not yet. Guessing pump and dump tomorrow, I'll wait.

hungry_hippo Updated 

MFI already oversold, but RSI is not. Considering ES has an open gap below, I recommend waiting. It's my birthday tomorrow, so not opening any trades today, good luck. BTW, this is why I keep saying earnings are crap shoots, lots of people got burned pumping for META (FB) earnings. MSFT and GOOGL AH today, but both gapped down last time.

hungry_hippo Updated 

I said yesterday that it would get overbought today and go down. Well, here we are. Made a little money with puts like I said I would. Indicators now neutral, META earnings probably dictates gap direction tomorrow. Just gonna stay cash and take potshots at the market with options. I'm guessing MFI will cycle fast like it did a a couple of weeks ago, just...

hungry_hippo Updated 

Looks like it'll hit overbought on MFI and/or RSI tomorrow, have an exit plan.

hungry_hippo

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

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 

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 

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

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 

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 

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 

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.