Monday, April 6, 2015

Apr 6 - Bulls storm back

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.

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July 21 - Still massively long banks, took short term longs in NVDA, BABA, HAL, OAS

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...