Monday, October 17, 2016

Oct 17 - Added 1/2 position to GLD, eyeing IWM Nov/ Dec calls

The market sell off is weak and choppy.  Maybe another few days to a week of chop but I feel strongly we get to ATH towards end of this quarter.

Added 1/2 position of GLD bringing me to full position.

Eyeing IWM calls towards close or maybe earlier.

Basing well

Hard to see but a sort of inverted H + S.  The main thing is the move up was impulsive and the move down has been choppy and scratchy.  Which leads me to believe we are coiling for a move up.

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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.