Wednesday, May 27, 2015
May 27 - Buyers step in once again
The last 4 times we have seen a big sell off concluded by late day buying surge we have seen at least 2 days of upside. So far it is setting up for the same. After getting stopping out on the open yesterday, I re-entered longs EOD. Although this is a good set up, at some point it will probably fail dramatically with a gap down instead of a bounce. In addition, it isn't good that we dipped back into consolidation after breaking long time resistance.
at May 27, 2015
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...