Sunday, March 8, 2009

Potential rally in financials

Key will be the amount of market excitement in M2M meeting Mar 12 as financials are extremely oversold. Question is what happens at the resistance zone of around 135-150 in $DJUSFN indicated if the market can take it there.$DJUSFN&p=60&yr=0&mn=2&dy=0&id=p53690176963&listNum=1&a=160540332$DJUSFN&p=D&yr=0&mn=7&dy=0&id=p35490289214&listNum=1&a=158916681

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...