All My Positions

I have short positions of varying size on all of these. In terms of number of options, XLP is by far the largest position. By dollar size, CME, APPL, MCD, SHW are relatively large. If I group together all my energy positions XLE, COP and USO, that would be larger than everything, but some of these are weekly puts that I may take off early next week if crude doesn't dip quickly. XLP puts are cheaper though, and thus I anticipate they could be my largest position at the conclusion.

Update: I forgot to list BITI calls, a short position on BTC.

Put Buying Spree

I have massive OTM puts on all of these. Plan on adding to XLE and XLI. I didn't buy puts on FXI, but included it because it is important for emerging markets. It looks like the same setup as in October 2008. I still have cash left and am looking to add more on one final pop in the market.

Banks

Easter Charts

Doomed Banks

As I've said with other bank posts, most of these patterns repeat over and over. Not every example is included. I'm barely into the As and I've already seen several that looks like ABCB.

For ETFs, I like the KRE April 14 $68.50 put for ultra aggressive speculators (if you like taking 100-percent losses in pursuit of 500-percent or more gains) expecting an immediate drop and the KBE May 20 $50 put for those who are highly aggressive. More charts after the jump below.

Banks On The Line Again

All of these charts are from the SPDR Regional Banking ETF (KRE). The performance of KRE vs SPY tracks closely with the 10-year yield.

Some of the more interesting charts. I went through them alphabetically. There are more holdings with similar patterns, but i didn't want to make the list too long.

Next Shoe Is Financials

Financials perform poorly in sustained high inflation and deflation. High inflation should take time to emerge. In the near-term, the next shoe to drop in a market correction would be bonds regaining their defensive staus. A rally in long bonds will take down the financial sector. With that in mind, KRE went back below resistance today. KBE and XLF included for context. This isn't really a chart short and not a big position of mine, but it is something to consider if bonds start rallying amid a deeper correction.

Regional Bank Follow Up

I posted this on March 19: Regional Bank Charts. Many of them have reversed, but remain near major resistance lines. The regional bank ETF remains on the cusp of a bullish breakout.