Wednesday, August 19, 2015

Aug 19 - Inside candle bullish set up fails

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.


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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...