MFI almost overbought, setting up for a drop Thursday I think
Comment:
My usual play is PDD, but I think I might short BABA tomorrow afternoon, ASia is always weak on Thursdays and the Reddiots will learn they can't pump the entire Chinese market
Comment:
MFI overbought now, but if you're gonna do PDD puts I'd wait until EOD
Trade active:
Bought a couple of PDD puts for kicks and giggles when it turned around.
Crap has a tendency to rally EOD, so I left space to add if I want
Crap has a tendency to rally EOD, so I left space to add if I want
Comment:
Looks to me like PDD is f'ed either way, lol
Trade closed manually:
MFI went down but the index didn't which is a sign of a melt up. Not what I would expect from China, so I bailed on open.
Made a little money due to the EOD drop yesterday but that's about it
Made a little money due to the EOD drop yesterday but that's about it