Tweet of the Day (Part Deux)
Position: None
Position: None
Position: None
Position: None
The S&P Short Range Oscillator remains overbought at 2.97% vs. 3.08%.
Position: Short SPY (L) QQQ (L)
Are we due for some volatility? You betcha. Tech momentum seems to have hit a wall, with sellers beginning to take profits.
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)
At 4:55 PM Tuesday I added to index shorts:
* $SPY $760.02
* $QQQ $746.92
Position: Short SPY (L), QQQ (L)
As tech gets long in the tooth and traders get tired of those same old extended names, are they taking advantage of other market segments?
Is our team bullish, bearish, neutralish? Well, it’s complex. So, let’s dig in and see.
By my calculus, there is three times or more downside potential than upside presently.