Month: June 2026

The signing of this memorandum of understanding (which I present without personal comment) has — once again — led to a rally in the futures overnight with S&P futures +65 handles and the Nasdaq +440 handles:

A senior administration official briefing reporters outlined the text of the MOU between The U.S. and Iran, which has not been made public:

1. The United States of America and the Islamic Republic of Iran and their allies in the current war by signing this MoU, declare the…

— Faytuks Network (@FaytuksNetwork) June 17, 2026

As noted (partially) in the Comments Section I was up throughout the night selling most of my trading longs discussed in my Diary, in addition to selling additional trading long rentals not discussed (too speculative for home gamers). 

Stocks are beginning to move in integers and group rotation is conspicuous.

* The absolute and relative strength/overbought in semis and memory equities are growing more and more extreme — continuing this morning premarket. 

* Financials are catching an amazing bid. 

* But former leaders, Mag 7, are falling flat on their face with fundamental strategic and execution issues plaguing Microsoft ($MSFT) and Meta ($META).  

I will try to get out an opener this morning which discusses the rising possibility of a market “event” owing to market structure.

Position: None