Launching for the Third Time…
With S&P cash +30 handles I am (for the third time) launching my high-tech, high-octane short basket.
Position: Short high-beta basket
Quarter-End Positioning Drives Narrow Bounce
Traders are increasing speculative action ahead of the holiday.
Elder Abuse!
Added to GRNY ($GRNY) short at $27.61.
Positions: Short GRNY M
Recommended Cannabis Viewing
Positions: None.
Tweet of the Day (Part Trois)
Positions: None.
Chart of the Day
Positions: none.
Where Are Gold, Silver and Crude Oil Prices Headed Next?
Commodities prices have been sliding. Let’s check the charts to see where prices are going from here.Â
The Consumer is Spent Up Not Pent Up
Walmart’s ($WMT) shares have dropped from $135 to $113 since mid-May.Â
Costco’s ($COST) shares have fallen from $1095 to $940. Â
Positions: none.
Going Medium-Sized Shorts
With S&P cash +29 handles I have moved to medium-sized short the indexes:
* SPY ($SPY) $744.28
* QQQ ($QQQ) $732.31
Positions; Short SPY M QQQ M
Tech (XLK) Vs. Financials (XLF)
From 9:38 a.m. ET.
Positions: None.