Recent TT's breakout that also has some pretty darn impressive earnings and sales to accompany ... Brought in after-hours ...
Market and General Notes
Comeback day for market from what many bears probably saw as a short QQQ setup per yesterdays close but 80% rule ( 80 percent odds of failed breakout and range resumption ) . In turn bulls pushed QQQ up and over the range but now once again odds favor range resumption , would love to see the 20 % chance that we follow-through on todays move though and push up and away from the 6 day range ... to date . If tomorrow bulls can push and get us out of this range that would be nice :)
Was stopped on SMH today and semis showed weakness vs QQQ , not ideal , but unless it breaks key levels trying to focus on that and MCHI as ETF names I'd like to play . ELF/LW/XLC all performing well .
IG net short positioning remains crazy high
France 40 Hits 90% net short .WOW
Dow jones 72% net short
SPY 64%
Then per futures positioning commitments Dealer positioning is net long and lots of leveraged money to the short side . I will bet on the dealers money ~
Market and General Notes
Comeback day for market from what many bears probably saw as a short QQQ setup per yesterdays close but 80% rule ( 80 percent odds of failed breakout and range resumption ) . In turn bulls pushed QQQ up and over the range but now once again odds favor range resumption , would love to see the 20 % chance that we follow-through on todays move though and push up and away from the 6 day range ... to date . If tomorrow bulls can push and get us out of this range that would be nice :)
Was stopped on SMH today and semis showed weakness vs QQQ , not ideal , but unless it breaks key levels trying to focus on that and MCHI as ETF names I'd like to play . ELF/LW/XLC all performing well .
IG net short positioning remains crazy high
France 40 Hits 90% net short .WOW
Dow jones 72% net short
SPY 64%
Then per futures positioning commitments Dealer positioning is net long and lots of leveraged money to the short side . I will bet on the dealers money ~
艾力克~