Well, slip me into a pink taffeta dress and call me Peaches. This is a bit of a surprise so far. After being absolutely petrified (actually, I was pretty damned cool about the whole thing, as I hope my tone in the prior post conveyed), it seems that the bank-driven bulls swiftly ran out of mojo.
I closed out NO positions at all, and instead focused on the financials, where I found some very enticing setups. As I am typing these words, a mere 45 minutes into the trading day, we’re still green on the /ES and /NQ, but by utterly non-intimidating amounts.
One example of the guy of position I got into anew was Bank of America, this morning’s belle of the ball. This wedge failure is, to my eyes, a fantastic long-term bearish opportunity.
We are only at the START of the earnings season, folks. It’s just the big corrupt banks that have reported so far. The kinds of news I’m looking for is from the likes of TSLA, AMZN, AAPL, and the like. Anyway, I’ve bumped up to 25 positions now and have a little cash left over, but my days-until-expiration has increase to 160, so I’ve got BEYOND gobs of time left on this stuff. I can relax, inasmuch as I’m able to do so.
