Thursday, July 7, 2016

July 7 - Short term pullback possible SPY

Some negative divergence which might result in a few points pullback.  I have a small SPY short and still holding SLV short from yesterday which is confirming nicely.  GLD isn't following suit so it might need to bounce around before falling.




No comments:

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...