So far a noncommittal open which doesn't favor either bears or bulls...yet. Although I am currently short there is a chance that we finally break out of this consolidation zone and move up although more limited.
A good read that was in line with my feelings regarding the exaggerated VIX move from Rob Hanna.
1100am update: A bit more weakness and the 30/ 60 min frames triggering more strongly sell signals. Will remain to be seen if we close red though.
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...