MFI overbought and so is RTY MFI but NQ isn't there yet. RSI is also not overbought yet.
Not sure if the market is setting up for a pump and dump or if the selloff starts when Euro markets close. I think I'll wait at least until NQ MFI hits overbought before buying puts. Like I said earlier, they could be setting up for a pump and dump, and there could be a gap up tomorrow so going light.
It's all a gamble on CPI numbers tomorrow.
Not sure if the market is setting up for a pump and dump or if the selloff starts when Euro markets close. I think I'll wait at least until NQ MFI hits overbought before buying puts. Like I said earlier, they could be setting up for a pump and dump, and there could be a gap up tomorrow so going light.
It's all a gamble on CPI numbers tomorrow.
코멘트:
Looks to me like they're setting up for a pump and dump tomorrow, not adding any more puts until RSI hits overbought or if the market turns hard later today
코멘트:
The market is too bullish to short, so I bought another 20 BITO puts, and just gonna wait to see what the market does tomorrow.
코멘트:
I usually tell you that afternoon action is not indicative of the gap the next day, but I think these CPI releases are an exception. Pay attention to afternoon action.
Morning action is strange since TLT is headed back down and GLD has been red. Crypto weakness probably has more to do with SEC actions than rates, cryptos were green most of the weekend and Asia pumped them last night.
Morning action is strange since TLT is headed back down and GLD has been red. Crypto weakness probably has more to do with SEC actions than rates, cryptos were green most of the weekend and Asia pumped them last night.
코멘트:
US BLS employees don't make crap, so you know at least some of them are willing to leak numbers for money. The big boys are probably on the phone with them right now.....
코멘트:
I dunno about CPI numbers but I was bored and added more BITO puts.
ETH lost support and BTC is about to. SEC enforcement actions get leaked too, lol.
ETH lost support and BTC is about to. SEC enforcement actions get leaked too, lol.
코멘트:
Looks like pump and dump for tomorrow but I;ve got a bad case of bitcoin FOMO.... fear of missing the tank, lol.
Just gonna stay with my BITO puts because I hate betting both ways. If you go long overnight, you could hedge by shorting crypto for "protection"
Just gonna stay with my BITO puts because I hate betting both ways. If you go long overnight, you could hedge by shorting crypto for "protection"
코멘트:
SPY options premium indicate a 70 pt move tomorrow.
코멘트:
Maybe I should have said 70 pt move by the end of tomorrow
코멘트:
Appears the pump and dump is still on. I'd rather short the pump than go long.
Might add more BITO or something else later today.