Friday, October 14, 2016

Oct 14 - Trimmed off GLD, NUGT

Didn't like the action last 2 days and was expecting the GLD bounce to materialize sooner.  Will re-enter GLD if at end of day we print a low volume small candle.

Otherwise I picked up VXX puts yesterday and already thinking about selling them as SPY looks wobbly.

Holding large YRD (moving great), midsized CMCM (which is acting like a turd now), and small SOHU.

I am hoping for more market weakness and chop to get a big long position into the end of Q4.  Eyeing WFC and hoping for an earnings slide to buy into weakness.

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Jun 19 - Set up of the year in financials

I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug.  Mad conviction here.