Tuesday, May 10, 2016

May 10 - Equities bouncing strongly, 209-210 SPY on deck?

Just cleared off my plate and closed out intraday SPY long and also GLD short (which undoubtedly looking to re-enter).  I like SPY to hit 209-210 but things look stretched here.  Only in UUP calls now.

Looks due for a bounce and NUGT might be a very short term play

Up near resistance so waiting to see how we react

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Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.