Financial Failure

By -

I am having, as you might guess, a good morning thus far. I wanted to note that, regarding financials:

  1. I sold half my XLF puts this morning for a 70% profit. I absolutely intend to double this position later when I think it is appropriate;
  2. I covered my XLF short and a smattering of financial stocks.
  3. I am selectively covering issues here and there, but intend to remain well over 100% committed. Just not as much as before.

The financials have made an important price gap down. The next task is to break October support. Good luck, Slopers.

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