RTY Update

6 lip 2022Still 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 lip 2022

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.... 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 lip 2022

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

6 lip 2022

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

6 lip 2022

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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 lip 2022

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

Careful here... wait until EOD

6 lip 2022

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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 lip 2022

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

Staying out

6 lip 2022

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

Hold long positions at your own risk

6 lip 2022

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LOL, I warned you guys

6 lip 2022

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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