So far fairly positive start to historically bullish OPEX week although VIX is strangely strong so far. It may be possible that we just bounce up from here but I will want to see how volume/ price action holds through close. Right now, sitting on a premarket entry in QQQ and will probably wait until Tues/ Weds to add.
Per Quantitative Edges, more on the OPEX's history in March
SPY triggered a deep stoch and CCI buy signal on daily, it is 7 for 7 on the last 18 months. Nevertheless, one should be careful on these shallower corrections because there is the possibility of another leg down but so far it is lining up to be 8 for 8.
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Call buying has come back and very good chance of a pullback here
Probably 2/3 of the options account is in banks. Maybe 1/2 regionals and 1/2 XLF, C, BAC. Expecting another run up in equities into Augus...
Jun 10 - More bullishness but when is the pause/ pullback coming? Currently long C, BAC, DAL, JBLU, MARK, IGT, PYBI, FDXI botched my financials short trade and didn't close them the day after when I was up 70% and ended up taking a 50% hit the next day. F...