Alibaba Pushes Back on U.S. Punishment as Stock Dips
China’s tech industry got a domestic AI boost despite fresh allegations of ties to China’s military for Alibaba, Baidu and BYD.
Getting to Know: Louis Llanes
We’re joined today by Louis Llanes, CFA, CMT, to learn more about his investment style. Please enjoy our conversation.
Chart of the Day: Netflix Continues to ‘Stream’ Lower
The stock is having trouble attracting buyers, but soon will be cheap enough to be compelling.
Now Out of Trading Long Rentals
I’m out of trading long rentals at similar prices to previous.
Position: None
Halving My Index Longs
With S&P cash -84 handles (about a 65-point rally from the lows) I am halving my long trading rental in the indices:
* $SPY $731.08
* $QQQ $699.15
Position: Long SPY (VS), QQQ (VS)
To Small From Very Small on Index Longs
With S&P cash -150 handles I have moved from very small sized to small sized long the indices:
* $SPY $724.55
* &QQQ $688.26
Position: Long SPY (S), QQQ (S)
The Last Leg Lower
The last leg lower in the markets is likely a response to this Truth Social Post:
Position: None
Some More Index Longs
I added to a very small long rental of the indices with S&P cash -117 handles:
* $SPY $727.49
* $QQQ $693.99
Position: Long SPY (VS), QQQ (VS)
My Tweet of the Day
Position: None
Now VL in MSOS
I moved to very large in $MSOS at $5.45.
Position: Long MSOS (VL)