Overbought and melting up because it;s Ponzi Friday
No idea when the meltup will end, but typically in a melt up I buy puts either at the end of Ponzi Tuesday or Wed for the pullback that usually happens on Wed afternoon or Thu.
Even garbage rises on a rising tide, nothing to short. NFLX and TSLA earnings next week are very tempting to short but not sure I want to commit $2k to a gamble
No idea when the meltup will end, but typically in a melt up I buy puts either at the end of Ponzi Tuesday or Wed for the pullback that usually happens on Wed afternoon or Thu.
Even garbage rises on a rising tide, nothing to short. NFLX and TSLA earnings next week are very tempting to short but not sure I want to commit $2k to a gamble
Kommentera:
LOL, market turned around as soon as I posted that. Rates rising again. Gonna wait to see what happens Monday.