The volume coming in strong this morning relative to yesterday's noncommittal volume.
Friday, September 4, 2015
Sept 4 - SPY sell signal confirms
The SPY sell signal confirmed with the open and looks like we are set for downside into next week barring an out of nowhere short squeeze. I am inclined to think not considering there is heavy volume this morning. I had grabbed more ATM put spreads at close yesterday and so far so good.
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...