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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Jan 20 - Equities caution signal, short SPY, NFLX

Call buying has come back and very good chance of a pullback here