Premarket SPY, QQQ Moves
With S&P futures rallying to -56 handles I have sold my Index trading long rentals ahead of the inflation data for a very small profit:
* SPY ($SPY) $731.68
* QQQ ($QQQ) $699.18
Positions: none.
Charting the Premarket Percent Movers
Positions: None.
Treasury Auctions, Economic Calendar
Treasury Auctions
11:00 a.m.: Treasury buyback announcement (cash mgmt);
11:30 a.m.: Treasury hosts a $69B 17-Week Bill Auction;
1:00 p.m.: Treasury hosts a $39B 10-Year Note Auction;
Economic Calendar
Positions: None.
Tweet of the Day (Part Five)
Position: None
May CPI, End to Ceasefire?: 8 Key Items Shaping the Stock Market Wednesday
TSM’s May revenue, SpaceX’s oversubscription, bank stress tests, and other headlines are moving stocks this morning.
A Downed Copter, Sinking Sentiment, and a Giant IPO Called SpaceX
Let’s look at how market sentiment on thin ice can absorb a failing ceasefire and a mega-IPO. Also, put Saronic on your radar.
Adding to My Trading Long Rentals
With S&P futures -84 handles and Nasdaq futures -480 handles, I am adding to my trading long rentals:
* $SPY $728.88
* $QQQ $695.71
Position: Long SPY (VS), QQQ (VS)
Tweet of the Day (Part Four)
Position: None