NQ Update

So you guys are wondering where the update is....lol

Here it is:
- All indicators in the middle
- TRend is up but that doesn't mean jack
- No gap direction for tomorrow
- Remember EOD action does not guarantee direction for tomorrow

I think we get a Ponzi Friday pump, at least on open. I am not that sure though given the weakness today after the bounce. It looks more like a short covering bounce than a rally. Anyone that was shorting covered this morning because pretty much every stock hit support or tank target.

The algos can pump futures all they want, but if there's no liquidity in the market, it'll tank again as soon as they sell futures again.

Anyways, I'm all cash. Might sleep in tomorrow unless there's a big gap in eitehr direction.

Komentar:

I get the weird feeling that tomorrow is gonna be the reverse of today. Gap up, gap fill, rally for 45 minutes then drop down.

I'm doubting that the size of the gap up is gonna make it worth the headache of holding anything overnight. We'll see tomorrow.

Komentar:

Weak, finish. Looks liek I was wrong.

Snagged a few Jan 28 AAPL puts for kicks and giggles, it's gotta drop before earnings

Komentar:

It would appear that the Asians have shut off their algos, China and Korea up big but US futures looking weak. Normally you'd see 100 pt pump, but they sold it off. Up less than 10 pts since close now