Algos appear to be buying futures because NQ MFI is oversold but the market seems to be selling stocks on any strength. Bond yields rising, garbage stocks all look weak.
I think the next selloff gets ugly for garbage stocks. Technically speaking, my indicator actually says buy, but I'm not buying into this, with the Fed meeting coming up any futures pump is bound to fail. Better to short the pump.
I think the next selloff gets ugly for garbage stocks. Technically speaking, my indicator actually says buy, but I'm not buying into this, with the Fed meeting coming up any futures pump is bound to fail. Better to short the pump.
تعليق:
MFI still oversold, every time MFI has stayed oversold this long RSI has gone to oversold. Bearish, at least for tomorrow open and morning.
Market whipsaw afterwards probably, lol
Market whipsaw afterwards probably, lol
تعليق:
The Asians appear to have shut their algos off, Japan is green (in terms of futures), China flat, only Korea is down but US futures are down. Normally, it'd be flat.
Not that it really matters because as you guys know, teh Euros determine the gap.
Not that it really matters because as you guys know, teh Euros determine the gap.
Chinese ADRs are the only thing that really pumped today.