Here are today’s things:
* I shorted the indices:
$SPY at $743.26
$QQQ at $718.08
* Covered some SPY at $741.18 and $716.57 (I didn’t report this one promptly!)
* Shorted $GRNY at $27.18 and $JOET at $44.66.
* Added to $VRNO long at $1.135.
* Shorted $GS at $1,053.42 and $MS at $215.02
Position: Long VRNO (S); Short SPY (S), QQQ (S), GRNY (S), JOET (S), GS (VS), MS (VS)
The stock has come down sharply from the highs and looks poised for a strong bounce.
Position: None
Apple’s ($AAPL) presentation was rotten.
Position: None
The stock may just be a sign of safety in a volatile market environment.
Tech ($XLK) vs Financials ($XLF) at 1:13 PM:
Position: None
We’ll balance market developments, new data, technical indicators and our portfolio signals.
Let’s unpack what happened and why I expect more such days over the coming months.
Here’s how traders can front run the firm’s surprising major index addition.
– NYSE volume 13% below its one-month average;
– Nasdaq volume flat to its one-month average;
– VIX index: down 14.92% to 18.30
Positions: None.
