Got stopped out midday from SSO and now flat. Small caps and techs leading the way down. Still hoping to see some upside to set up a better short but will have to be patient and see what happens. If we end up in the red again on less volume than yesterday, definitely going flat into the weekend. A red close with lower volume generally means a positive edge but the potential big downside risk pushes things to a clear no position stance.
Was stopped out on the 10 min chart when the expansion move up failed
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...