LOL, i slept in and missed the morning pump. I was all cash.
I think the overlay is a bit too bullish, but I also think the RTY gets a gap fill tomorrow. We could see a possible sector rotation instead of an all out rally.
My play is to short EOD tomorrow, not chasing the pump. Earnings season coming up end of month (EOM), and Fed minutes had nothing positive in it.
Remember the last time the market pumped Fed meeting minutes it was a Thu/Fri pump. I guess the same here.
I think the overlay is a bit too bullish, but I also think the RTY gets a gap fill tomorrow. We could see a possible sector rotation instead of an all out rally.
My play is to short EOD tomorrow, not chasing the pump. Earnings season coming up end of month (EOM), and Fed minutes had nothing positive in it.
Remember the last time the market pumped Fed meeting minutes it was a Thu/Fri pump. I guess the same here.
Note
CPI (inflation) number comes out Wed July 13th at 8:30 amNote
Note: RSI hit overbought with MFI divergence. That's bearish, but no position because my overlay says more pump tomorrow.Not worth the risk chasing this.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.