The Trump win turned out to be a quickly erased non event and buyers stepped in a big way today. This move combined with bullish seasonality might result in a really crazy rally. I am betting at minimum a mid sized one but think we go a lot higher. People will start freaking out and start redeploying money into their accounts and push the market higher.
Discretionary account made a huge move today. Now +10%. In order of holdings,
TNA, BIIB, COP ITM Jan calls, IWM ITM Dec calls
I sold WFC today and maybe reload on wkness
Volatility account is +19%
VXX Jan and Mar deep ITM puts
Cecil Fielder account is -35% (for some reason, my OTM Jan puts decreased in value today)
I posted this chart a month ago. It is playing out to a tee. We are going to hit 225-230 in SPY within 2 months.
Didn't even test level 2.
Wednesday, November 9, 2016
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