fwiw, futures up about 1/2 percent above fair value as of 8 pm est.
cbw is not on cnbc on a regular basis, the last three times I saw him, he was on during the Fast Money traders or option action segment, ie 5-6 pm est
that was true from the bottom in 03 to 04 as well when it topped out at 34.00 and took 10 years to come back
well I sure ain't paying for Microsoft Office software for the new Toshiba I bght lst wk, opted for the touch screen and a wireless mouse, love the speed, ease of use, and a little swipe to increase news feed print type,
a dangerous short at current levels, the macd has turned up from bullishly divergent oversold levels which were 5 percent plus lower, ie 19,00, the macd lines have briefly crossed not only up, but over, rsi also moved up and is still up, but showing hesitation, thus a black candle Friday as the stock tries to get though overhead resistance
any failure to hold current level, ie 20,00 on a closing basis quickly would be favorable, any short term move up in price would only improve the current technicals
just my opinion
fwiw, on Friday, Carter Braxton Worth suggested shorting the spy at current levels, ie correction not over
pity, you have no clue how frequently I do what I do re trading, or what I do with my real State and Federally recognized professional credentials.
The case today settled, $175,000.00.
still a lot of volatility. will probably do a chart review this weekend,
yep Waldo, your losing streak continues as ARMH is green yet again as it continues to move up from an oversold condition just like the TQQQ which you should have bght if you really had any guts at all when the qqq was in the low 90's
Good luck P. up on the day, but well off the highs of the morning. however, the push above 20 did continue.
in that regard, the argument could easily be made that there was capitulation selling this morning, and just in crus, the qqq as well as in a short term dbl bottom.
odds currently favor long positions, just my opinion
nice huge gap down in the qqq dia, spy thurs premarket presented another chance to scoop up some tqqq on the 10 percent drop in the qqq', dbl bottom off oversold rsi 30
hopefully doofus initiated an armh short at 40,00, never having done squat on the way down from the recent overbght high at 49.00
scary, especially if the crus chart stays positive, trying to break above and climb above 20.00. imo
timely cover as the former underperformers outperform, ie the IWM, and Crus on the early morning buying/covering op and closing green on the day