The TICK chart is improving, the intraday momentum indicators are improving and some 3C charts are improving, I'm not convinced there's a "V" shaped reversal, but I would think we do get some kind of upside reversal today which would be played with weekly calls like the QQQ Thurs.-Fri. trade and a few others last week or there are the 2-3x leveraged ETFs, but remember Reg. T day trading rules if your account isn't Reg. T compliant.
I'd probably prefer to see more rounding before jumping at anything, I'll keep a closer eye on the intraday signals as I'd prefer to buy calls as there's still some downside momentum.
The bigger picture is deteriorating, the volatility itself is a clear hint, just the last of a line of clear clues.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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