Monday, August 3, 2015

Aug 3 - Limited follow through on selling

Exited SPY short on the spike up out the bear flag that was forming on the 5 min.   Now printing exhaustion candle on VIX so things could go either way.
The long wick and low volume not ideal for follow through selling tomorrow.


A buy signal on CCI RSI but not robust but enough to present risk to short positions

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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...