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.

A bit of a warning sign for WSJ ' selling on strength' from today

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July 21 - Still massively long banks, took short term longs in NVDA, BABA, HAL, OAS

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...