Looks like the hedge funds finally showed up. A lot of volume end of the day.
Why not? They need to rev up their returns for end of year and AGNC is the perfect engine.
RSI and MFI are just above neutral showing plenty of room to run up. Momentum is positive.
MACD also turned positive today. And we closed above our 10 day and 28 day averages.
Very Bullish! All of a sudden $33 is looking very possible!
We didn't get the good news we needed from DC. Market's afraid we're going over the cliff.
Short run fizzling unless we get extraordinary news tomorrow morning. It'd still be too late for my Jan 33's I am afraid. They're worth practically nothing I might hold and see what happens next month. Maybe we get a bounce from a FC deal or the Jan effect tho I doubt it.
I hate giving House money back but you can't win'em all. In the meantime I'll stay in 95% Cash.
All in all this year's been a good one, doubled my original start of the year position.
Had a super great year going until this trade but I'm not going to cry over it .
I knew I was swinging for the fences. It was worth the shot. It would of been a World Series win for me. And I had the most fun a guy could have in his pajamas all day! Lol!
I'll be back next year for another adventurous year of trading options!
And though you jilted me this time - I still love you AGNC :-)
Thanks to the Board for all your help this year and Happy Holidays!
(Foxy, I saw your remarks earlier on TC. Somehow disappeared from the board.
RSI is showing overbought and the MFI is showing that money is leaving the stock.
Be Very Careful with this one!)
The 20 day broke above the 50 day on the 5 day chart this morning!
20,50,100 all pointing higher!
And we finished Up .47 to $31.60 on a down day
All we need now to go with the technicals is some good news out DC. C'mon AGNC!