Sorry for not posting charts but I'm in a small pueblo near Macchu Picchu and unfortunately only have a weak internet connection. I am currently in a small position of NUGT short because of a large black reversal candle in gold. I will probably sell EOD tomorrow if things look right. after selling NUGT on a position taken two days ago.
The indexes made an impressive recovery and if we continue to consolidate we could be looking at all time highs this month. Thar said I am going to hold off on taking an index position until things settle more.
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...