Charting the Premarket Percent Movers
Positions: None.
Treasury Auctions, Fed Speaker, Economic Calendar
Treasury Auctions
11:30 a.m.: Treasury hosts a $92B 3 & a $79B 6 month bill auction.
Fed Speaker:
11:00 a.m.: Federal Reserve Board Governor Christopher Waller (Voter) participates in policy panel before the Closing Conference of the European System of Central Banks Research Network on “Challenges for Monetary Policy Transmission in a Changing World,” Rome, Italy
Economic Calendar:
Positions: None.
Michael Burry Vs. My Panic Points; Ferocious Foxconn Sales; Bad Jobs Data
Why I’m sticking to plan on memory stocks; also, let’s brace for the week ahead, check the markets’ charts, and interpret those jobs numbers.
Programming Note
Last November I incurred a broken pipe in my house that resulted in a major and expensive restoration project which was supposedly fixed a month ago.
Over the weekend I had another major water leak/event and I was up all last night with the problem which is still unresolved.
I might not be that useful today.
A heads up.
Position: None
Strong Rotation Prevents Broad Weakness as SpaceX Joins the Nasdaq 100
The market looks tired on Monday morning, but there is some rebound in chip names.
Tweet of the Day (Part Deux)
Position: None
Tweet of the Day
Position: None
Charting the S&P 500: Index Continues to Grind, but Money Is Moving
We’re seeing good action in some groups and wretched price moves in others.
Sunday Night Trading
Dougie Kass 9h ago
Sunday Night Trading 810 PM
Shorted:
SPY $749.02
QQQ $722.81
Position: Short SPY (S), QQQ (VS)
S&P Oscillator Further Overbought
The S&P Short Range Oscillator moved further into overbought territory at 3.37% vs. 1.58%.
Position: Short SPY (VS), QQQ (VS)