ES Update

Almost went oversold premarket then bounced. Indicators are all over the place, no real definitive direction. I don't see anything that indicates a tank coming so I decided to play PCAR earnings after all. Wish I had done it Friday, lol, but you know me, I don't really like holding stuff over the weekend.

No other position, moving some money around this week. The PCAR bet is with my retirement account, since I made so much money off that stock I figured if I lose a bet, it's no big deal.

코멘트:

Chart formation-wise this looks like a bull flag. Maybe we get that gap fill after all.

코멘트:

Just more whipsaw, lol.

코멘트:

This entire week is just a bunch of earnings bets:
- Tues AM: PCAR, UPS, MMM
- Tues PM: MSFT, GOOGL, V
- Wed AM: BA
- Wed PM: META, NOW, ORLY
- Thu AM: MA, LLY
- Thu PM: AMZN
- Fri AM: XOM, CVX

Might as well trade the one stock I'm bullish on and call it a week, win or lose.

코멘트:

ES MFI is almost oversold again, all other indicators are neutral including FDAX.

Doesn't really look like the algos want to run a pump and dump during earnings. Just remember the market is pretty stupid, they pumped crap earnings last quarter.

코멘트:

Has anyone else noticed that the major indices have completely flat lined the entire month? I can't recommend trading any index options, just premium burn for both bears and bulls.

I'm leaning bullish this week as soon as ES hits oversold, but gap direction will depend entirely on earnings listed above, and I don;t have a good feel for the tech stocks.

코멘트:

Also PCE Friday before market open, supposed to be flat with last month at 0.3%

코멘트:

Futures red, indicators still neutral and not showing much

코멘트:

Market direction is gonna depend on earnings tonight.

Closed my PCAR position for $3k profit, taking tomorrow off for my birthday. Probably just more whipsaw anyways. See you guys Thursday.

코멘트:

Looks like the market is red on FRC deposit numbers and UPS earnings & guidance.

Gap direction tomorrow depends on MSFT and GOOGL. Staying cash.