Sunday, May 6, 2018

May 6 - Bullish inflection point

I wouldn't be surprised to see some pullback here and some churn but I see the current zone holding and am very bullish intermediate term.  some incredibly bullish setups here.  I took Friday's SPY calls on Thurs at close for a 200% and then rolled into a lot of DIA Jun 246 calls @ 1.0 looking for a triple.  Also re-entered VXX short

XLF looks great

so do semiconductors via SOXX etf

Very nice bullish divergence in DIA
 DIA set to break up and out

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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...