RTY Update

6 Jul 2022

Still tracking the overlay more or less, but it all depends on the reaction to the Fed meeting minutes this afternoon. Appears that's when it will break up or down.

DUmped my calls, on open. Didn't like the way futures trading looked, actually a couple hundred on EWY but made money on the rest. Glad I flipped because GM tanked right after.

Next time the market pumps garbage stocks, I guess I have to bet on garbage stocks. Asia is a bit unpredictable and transports are weak. Can't just bet on your favorite sectors I guess.

If anything the right thing to do was flip EOD yesterday and short China, lol. PDD down quite a bit

6 Jul 2022

Catatan

.... and small caps ate shit right after I posted this. Wait until the reaction to the Fed meeting before trading. Probably whipsaws until then

6 Jul 2022

Catatan

Bond yields rising and stocks are all over the place. The market can change directions on teh Fed minutes release so watch out

6 Jul 2022

Catatan

Whichever direction the market goes on the Fed minutes, I think we get follow through tomorrow

6 Jul 2022

Catatan

Reaction to the Fed is always a total crapshoot, but I will say that MFI is dropping which is a bit of a surprise

Could go either way here, we find out in an hour and a half

6 Jul 2022

Catatan

It looks like the market is trying to pump bad news, TLT is going down, not up

Careful here... wait until EOD

6 Jul 2022

Catatan

Definitely bad news, TLT is going down

If the market tries to pump bad news, the Euros will take it down tomorrow morning. Bearish.

6 Jul 2022

Catatan

Starting to look exactly like the last Fed day. Pump bad news then sell off EOD.

Staying out

6 Jul 2022

Catatan

Intraday chart pattern looks just like Fed day, and yields are actually rising.

Hold long positions at your own risk

6 Jul 2022

Catatan

LOL, I warned you guys

6 Jul 2022

Catatan

Earnings season coming up, if the market does manage to pump the next 2 days, look for stuff to short like maybe NFLX, TSLA, etc