ES Update

4 thg 10, 2023

Futures got a bump because FDAX hit oversold and bounced this morning.

RSI moved quite a bit because futures were down over 25 points when EUro markets opened, but look at MFI. No money flowing into futures at all. I posted a chart yesterday, something doesn;t feel right with this market. Opting to stay cash for now.

4 thg 10, 2023

Ghi chú

Well, the majority of the time when I say I dunno the market whipsaws. Not too surprised by it.

I do regret not going on teh PCAR ride this morning for a buck, oh well.

The market really doesn't have a reason to rally other than on technical indicators, and that can be dangerous in a downturn. I hosed myself for 27K trying to buy the dip at the wrong time during the COVID drop, so I'm staying cash.

I keep saying this but 5% annual return is better than losing money in a whipsaw.

4 thg 10, 2023

Ghi chú

Probably a pump and dump on unemployment numbers tomorrow morning, so there "might" be an EOD pump.

Staying out and sleeping in. I don't have confidence that the market is going to rally, no point in getting whipsawed, and I missed out on my PCAR trade for the week, lol.

4 thg 10, 2023

Ghi chú

Really really odd, daily MFI actually went down, the 3 hr did rebound though. Employment numbers tomorrow and Friday before market open.

Guess I missed the bottom, but not a big deal for me, I don't make my money by bottom fishing. The MFI behavior made me too hesitant.

Missed out on my PCAR play, kicking myself a little for that, lol. It hasn't been trading with any index, but goes green when the market does.