A bit of a warning sign for WSJ ' selling on strength' from today
Friday, July 1, 2016
July 1 - Short SPY
Looking for settling next week. How much I don't know but my guess is we see a bit of chop and consolidation before ATH. My bearish thesis post Brexit of retesting the lows seems a far off memory and a long shot to happen but if it happens it would be a great buying opportunity.
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...