The indexes broke through resistance today setting up an even more favorable post OPEX short. Who knows maybe we do have a V-shaped bottom but we could see a sell the news reaction (no matter what the Fed's decision is) as the bounce has been so strong that any doubt might lead to a reversal. QQQ to me looks like the best potential short as it has retraced the most and is right underneath a few levels of closely packed resistance.
SPY broke through resistance today.
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...