RTY Update

10 thg 5, 2023

RSI hit overbought and turned around, I dumped my PCAR calls on open because it didn't look right.

Wasn't expecting today to be a pump and dump but numbers weren't that great. Made a couple of k's on PCAR, but really disappointed it didn't go up more.

Market just whipsawing again, no positions, I have no idea what it;s doing today.

10 thg 5, 2023

Ghi chú

It's really looking like a pump and dump again, bought a few CAT and GLD puts

10 thg 5, 2023

Ghi chú

Note: PPI and weekly unemployment tomorrow before market open.

PPI is supposed to be up m/m, don;t recommend going long overnight

10 thg 5, 2023

Ghi chú

Also want to point out industrials and financials went almost immediately red this morning, the CPI reading wasn't that great, even if slightly better than expected.

5.5% core inflation probably means more than one more rate hike, when people finally realize that then the market drops. Certainly means no rate cut this year, but the Village Idiot already said that.

10 thg 5, 2023

Ghi chú

Gold has a tendency to go up when the market tanks so flipped the GLD puts and went long on UVXY calls. I still think the market dips tomorrow, usually weak on Thu at open anyways

10 thg 5, 2023

Ghi chú

Gold going up financials and industrials headed down, looks like another possible bank tank tomorrow.

Worth a kicks and giggles bet with XLF puts

Not shorting GLD any more, gold always goes up when banks tank

10 thg 5, 2023

Ghi chú

Nice drop, made some money. Calling it a day trade and dumped everything except shitcoin puts.

Still bearish for tomorrow though.

10 thg 5, 2023

Ghi chú

I use PCAR to judge the depth of the drop, when it goes down $2, it bounces along with the market, lol.

Still bearish for tomorrow's open, but only holding BITO puts because I missed getting out at the bottom, lol.