2022-02-16T05:00:00Z
I’m gonna try a different format today to keep my thoughts a bit more documented so I can properly look back at them later, so I’m editing this several times in order to really capture them.
SPY
I feel like SPY on technicals is bullish today but at the same time there’s the FOMC minutes today so things can do apeshit. But in terms of the daily chart, it looks like there was a hammer on Monday and confirmation of upward movement yesterday.
I will probably only scalp a little but I do want to see if it ends up closing up for the day around 448. However right now in the premarket it’s hovering around yesterday’s open, so it doesn’t look promising in terms of really confirming an uptrend from the hammer. Obviously this can very likely be the case because of the war possibility and also FOMC minutes.
LMT
I saw Conqueror is in LMT at the moment with a feb 25 390c, so I did a little looking into it and based on his reasoning and the idea of the trade I might be going in. The same call should be cheaper today near open and if it does pop at all I will probably cut, even if it’s not on news of a war or anything.
BKKT
Right now I’m just looking at the thread here BKKT - Short squeeze potential? to see what everyone is thinking and maybe jump in.
Updates
Didn’t end up doing too well today, was up 25% on the day and lost all of it plus more because I fought the trend with FOMC. Not sure why I did that, but I did it and I feel very silly because of that.