Something I noticed while flipping through some charts, RTY1! daily MFI is overbought along with GM, PCAR, YM1! (Dow futures), Dow components like WMT, CAT, YNH, etc along with XLF (financial ETF).
Definitely not chasing a Fed pump even if my 3 hr indicators show oversold. My favorite stocks are overbought, that's a signal to take a pause. Will be shorting when 3 hr indicators go overbought.
Definitely not chasing a Fed pump even if my 3 hr indicators show oversold. My favorite stocks are overbought, that's a signal to take a pause. Will be shorting when 3 hr indicators go overbought.
Nota
Note: I think there's a good chance RSI gets overbought as well probably next week. We'll see.Nota
Well, I warned you guys yesterday.Daily overbought and 3 hr oversold so we got that bounce before the whipsaw and down.
I'm bearish for tomorrow.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.