ES Update

2 mai

Looks to me like the algos are going for the pump and dump.

Gap direction will depend on AAPL earnings though so I'll wait to see what happens. MFI probably hits overbought tomorrow either way

2 mai

Note

People seem to have a lot more faith in AAPL than I do, sitting this one out

2 mai

Note

AAPL up $10 AH because they announced stock buyback. That's what companies with shitty earnings do, lol.

You gotta love it when some of the biggest companies in the market report garbage earnings like AAPL and TSLA then go up on garbage news, lol.

2 mai

Note

The market is gonna gap up tomorrow because AAPL is such a big component for DJI/SPX/NDX, but I wonder if it'll have any impact on the broader market because actual earnings pretty much sucked. Small caps futures are slightly red already.

Probably just more whipsaw, lol. Overall, earnings season sucked, I don't see an impetus for the market to head towards a new high.

Inflation numbers come out teh week after next.