We are insanely overbought here on short time frames so wouldn't be surprised and actually would like to see a pullback to go long equities but not sure if the market will cooperate. That said, I am not going short for now.
Still short SLV/ GLD.
If we retraced to the yellow box, it would be a gift for longs. I would be an extremely aggressive buyer at that level.
Also looking for a retrace here.
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...