Early Morning Trading (4:30 AM)
Added to Index shorts with S&P futures about +10 handles:
* $SPY $741.87
* $QQQ $725.71
Position: Short SPY (VS), QQQ (VS)
Monday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Broken Stocks Lead a Bounce as Small Caps Lag
The most beaten-up names enjoyed a reprieve, but don’t be too trusting.
Monday’s Closing Market Stats
Closing Volume
– NYSE volume 3% below its one-month average
– NASDAQ volume 16% below its one-month average
– VIX index: down 4.02% to 17.67
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Recommended Cannabis Viewing
Shadd Dales and Anthony Varrell with an inside look at The ALJ Hearings (cannabis) in Washington DC today.
This is a must if you are involved in the space.
Position: None
Chart of the Day: Amex Moves From Support to Near Resistance
The big credit card company is looking to advance toward old highs rather soon.
Cannabis Tweet of the Day
Position: None
VIDEO: What’s Behind the Surge in Our Public Safety Name?
Plus, a readthrough on M&A activity and what it means for two Portfolio holdings.
Why I’m Eyeing Prices, Biotech and AI in Q3
As the second quarter skims some froth off the technology trade, let’s see why these three areas are key to watch in Q3.