Not totally sold on today's bounce and we might get a reaction tomorrow. My China longs are struggling here (even YRD which made a bad reversal today) and things need to get moving soon.
Added to GLD longs. The other core positions of WFC, BIIB look solid and might switch out China for more blue chip longs like WFC/ BIIB
Tuesday, October 18, 2016
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...