A Feast or Famine Market, Bordering on Gluttony
Pockets of frothy action, covering up broad weakness, leave investors in a ‘tricky spot.’
From Charlie
Position: None
The Equity Risk DISCOUNT!
Talking my book:
Position: None
They Always Have Reasons…
To be clear, $PANW traded +$35 after the EPS release and is now -$50/share lower.
I thought Jim’s dismissal of the reversal was symptomatic of how speculative the market has become — in a “heads I win, tails I win” backdrop.
So I see a different message…. and a more punitive outcome (for the Nasdaq).
Position: None
Tweet of the Day (Part Deux)
Position: None
Tweet of the Day
Position: None
Hard to Make the AI Numbers Square
Position: None
Oscillator Remains Overbought
The S&P Short Range Oscillator remains overbought at 2.97% vs. 3.08%.
Position: Short SPY (L) QQQ (L)
Sellers Show Up as Tech Reaches Overbought
Are we due for some volatility? You betcha. Tech momentum seems to have hit a wall, with sellers beginning to take profits.
Early Wednesday Morning Trading
Adding to $QQQ short at $747.60. (5:30am)
And…
Dougie Kass
early speculative trading
back shorting MRVL at $336 at 415 AM
Position: Short QQQ (L), MRVL (VS)