Yesterday's potential set up totally failed but looks like we have an hourly buy signal on SPY. As things are whipsawing like crazy I wouldn't trust the signal for more than a quick bounce if it materializes.
VIX is dropping and may have hit a short term peak since we are heading into OPEX.
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...