RTY Update

16 may 2023

Retail numbers missed bigly, garbage retail stocks all down big today.

Made some money off BUD puts, though I actually expected the numbers to be good, lol.

Small caps down 1.4%, at this point I'm not chasing the drop today. However, it looks like RTY is headed to oversold again, so I'll look at it again this afternoon, maybe throw another 2k bet against some garbage. I need to be careful though, any time I make decent money, I throw it away on a stupid gamble, lol.

Maybe I should just take a break, I'm up close to 10k the last 4 trading days....

16 may 2023

Nota

BTW, debt ceiling talks today.

Also noticed TLT broke support. Yields rising.

16 may 2023

Nota

Bought a few shitcoin (BITO) calls because I think China is gonna pump tonight. Missed the boat on PDD, already green.

US market probably just continues to whipsaw unless there's debt ceiling news this afternoon.

If you're bullish, bet on tech, not small caps.

16 may 2023

Nota

Hedged my BITO calls with BUD puts. Tech looks bullish but small cap indicators still look bearish.

I'm just playing with this week's profits anyways. Normally I don't bet in both directions at the same time. Just trying to find anything that's actually moving, lol. So much sideways action lately.

16 may 2023

Nota

Financials look bearish...

16 may 2023

Nota

TGT reports before market open, could be another step down for retail if they miss.

16 may 2023

Nota

Bought some XLF puts too because BTC seems to be heading down with the market... more "protection"

16 may 2023

Nota

BTW, if you're bearish for tomorrow, XLF puts will probably pay off better than SPY or IWM puts

17 may 2023

Nota

Well, I mentioned BUD puts multiple times this week, I'm done now because RSI hit oversold on the daily. I hope at least one of you guys bought some puts this week.