Tuesday, July 7, 2015

July 7 - Buy signal SPY on 30/ 60 min frames

We are getting a massive spike, for whatever news reason I don't know, I am trying not to get too excited about  the news now now that a lot of the Greek crisis is fairly visible to all.

Seeing fairly good positive divergence setup on the 30/60 min frames.  Given the size of the decline, a bounce could be a very large and fast one.

Sitting on VXX puts from yesterday and will continue to hold.

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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...