Regarding markets:
What crazy timing but I am leaning to re enter call spread on spy that I exited just days before. A few reasons: The monthly downside expected move for august is 608 spy. The upside expected move is 655. This is the 95% expected zone, between these levels. I would be extremely cautious being excessively short below that level. Secondly the Dow did NOT break ATH with the rest of the indices which makes me fairly reluctant to call the local top. I wanted to be bearish in august but these two ideas coupled with bit coin strength make me reluctant to short as opposed to continue to buy the dips. My next major move is to start averaging into January 450 MSTR calls starting Monday especially if we open with a gap down.
A shift towards beaten up healthcare would also lend strength to the Dow here which goes with my thesis that the outperformers these next couple quarters are going to be healthcare and crypto proxy sectors
My ideas
Oscr
Cnc
Unh
Elv
Mara
Mstr
Coin
Bull
My current gameplan right now is to start taking some profits in the month of August and hold cash… and then wait for a nice dip in Sept-Oct timeframe.
Also have my eyes on UNH to start building a long position