Updated

RTY Update

Wound up being a 4 day short squeeze after all, like I said last week, I changed my focus to bankrupt companies and snagged W puts this morning. Closed out my winners and losers (from last week) and put the profits into W puts at a lower strike. Just some light trading in this weird market.

I think we could get a bounce here because ES and RTY MFI are oversold. Yields are exploding again and FDAX looks bearish so we may get a gap down tomorrow anyways.

TSLA earnings tonight. Focus should be on bankrupt companies, not gonna play the bigger companies.

Note

Note: It could drop until RSI goes oversold, I wouldn't open up a long position yet.

Crazy market, looks like you gotta pick your days to trade depending on if you're bullish or bearish, today was a good day for bears.

Note

I'm thinking gap down tomorrow because of FDAX, but the only good plays in this whipsaw market is shorting when RSI gets overbought and going long when it gets oversold. I was looking at shorting Europe but decided premiums are a bit high.

Bearish long term, but it might whipsaw short term.

Note

Looks like it's gonna be a whipsaw day, flipped my W puts at yesterday's bottom

hungry_hippo

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hungry_hippo