Watch What They Do, Not What They Say
* Cash positions near the lowest in decades…
When the “talking heads” in the business media say market participants are negative, show them this chart:
Position: None
A New Hope for Iran Deal? My Advice for the Fed; Where’s the Nvidia Party?
Hope again on Iran? We’ll see. Also, Nvidia shows up but not the market; SpaceX reveals ticker; and what I’d tell the Fed.
Tweet of the Day (Part Deux)
Position: None
Howling About Revolving Credit
Wolf Street howls about credit.
Position: None
Covered My Index Shorts
On the strong rhetoric out of Iran I have covered the balance of my index shorts:
* $SPY $738.24
* $QQQ $708.96
I will be baaack!
3 Massive IPOs Undermine Nvidia’s Market Leadership
The AI sector is undergoing a substantial change as new giants enter the fray.
Tweet of the Day
Position: None
Taking It Back to VS
I have taken a profit on this morning’s index trading, bringing positions now back down to very small:
* SPY $738.69
* QQQ $709.56
I plan to re-short strength.
Position: Short SPY (VS), QQQ (VS)
Shorting Indices on a Scale
I shorted SPY/QQQ on a scale this morning.
Here is my cost basis:
* $SPY $741.71
* $QQQ $713.01
Position: Short SPY (S), QQQ (S)