Wednesday, June 19, 2013

Update and Financial Position

My gut feeling was that we'd see another sharp, SHARPER move down, I think it's still possible, although since Bernie gave a date, the market will like that.

The one asset that looks good here is XLF, even though I know that draw down, even sharp drawdown is probable, but I think the signals and relative strength in 3C make me feel comfortable entering a Call position in XLF.

I'm looking at July $19. I'll take a closer look at the ETFs and follow up.

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