Wednesday, July 13, 2016

July 13 - Early weakness in equities

Closed out SLV/ GLD short and netted even for the trade which was pretty disappointing.  Still looking for a pullback but seems to be no giving up just yet.

The SPY short is working so far.  210-211 in SPY would be a great long entry.

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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...