ES1 Update 5/13 Premarket

13 мая 2020 г.Just wanted to point out hat MFI is oversold on bot ES and NQ, bailing out of my puts on open, because that's what my indicators say.

So this could be a H&S pattern and MFI could go further into oversold, or we can bounce here... either way indicators say buy calls at EOD... will decide depending on how the charts look.

Not gonna chart NQ since indicators look the same.

13 мая 2020 г.

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Wussed out and closed of both of my put positions since MFI is oversold, gonna sit an watch here.

Nice unexpected profit....

13 мая 2020 г.

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Market is doing what I predicted it would do yesterday....

Small gap down and reversal. We'll see if that holds... still the H&S possibility so no long positions until EOD, and with profits from this trade only.

I wasn;t even expecting to trade yesterday afternoon and made decent profit, so it's free money, lol.

13 мая 2020 г.

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FAANG stocks and QQQ turning green, probably gonna whipsaw. Watching....

Probably a whipsaw day.

13 мая 2020 г.

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Euro, transports, and financials look weak. Big possibility of a gap down tomorrow or another afternoon selloff with Euro markets looking like they want to tank. Keep in mind they started the original tank.

That being said, I think the market bounces up now that Euro markets are closing. Might be a day trade op here....

13 мая 2020 г.

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Did not expect that with MFI being oversold already, wish I had held my puts, lol.

H&S pattern. Staying out, will evaluate tomorrow. Not gonna chase the drop, should;ve held the puts. Oh well.

13 мая 2020 г.

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Taking a stab at some CSCO calls for earnings with profits. All or nothing deal I guess.

Other than that, I'm sorta scared to play the bounce, looks like the market could gap down tomorrow.

Euro markets are super weak....

13 мая 2020 г.

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Looks like another bear flag. Hope we get a huge gap down tomorrow so I can play the reversal.

Looks to me like the rally is over, careful playing the bounces. Only going long when things get severely oversold.

13 мая 2020 г.

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FDAX futures oversold now as well. Not as concerned about the EUros anymore, dipped into some MU calls and added a little to CSCO calls for earnings.

13 мая 2020 г.

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Weak. CSCO beat on top and bottom lines and upped guidance but it can;t even get to today's open price because revenues are decreasing. Looks like a wash trade right now, wasn't worth the risk.

14 мая 2020 г.

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Just a warning, my indicators don't work in a bear market, because MFI can go very oversold. The MFI bounce only works when the algos are in buy mode.

See the Feb/March tank. MFI would go up even when futures tanked.

14 мая 2020 г.

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I love how the media attaches news to every market movement....

In reality Asia dropped because futures dropped with US market, idiots...

investing.com/news/economy/asian-stocks-set-to-slide-on-us-fed-fears-interest-rate-stance-2171612

14 мая 2020 г.

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Indicators now broken...

Looks like I'm gonna lose most of my profits for the week, oh well.