Monday, November 17, 2014

Nov 17 - More consolidation and HYG may bounce

Early weakness and defensive sectors leading along with DIA/ SPY while the risk indexes QQQ IWM lag.  HYG may bounce here and will be interesting to see if HYG makes a lower high and SPY makes a higher high to set up negative divergence.



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Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.