Sunday, September 20, 2015
Sept 20 - Retest of lows?
Thurs a big FOMC reversal and Friday solid selling follow through. Next week's seasonally strongly bearish headwinds will provide more of a push for the market to fall further. Not to talk my own book, but looks like a strong case of a retest of lows within the next 2 weeks. If that does happen, it will set up a great long opportunity but for now going to wait and see what happens.
$PMOBUYALL indicator pointing to a top that has triggered before.
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...