Bitcoin
Position: None
Howling About the Rising Supply of Single-Family Homes and Condos
Wolf Street howls about the rising supply of unsold residential units.Â
Position: None
The Hindenburg Omen Triggered on the Nasdaq
Position: None
Things I Did Yesterday
Here were yesterday’s things:
* New short position — Bloom Energy ($BE) at $265.39
* New option position — Bought Nvidia ($NVDA) puts
* Reshorted $SPY at $748.88 and $QQQ at $722.58
* Shorted $GRNY at $27.81
* Shorted $JOET at $45.97
* Reshorted Morgan Stanley ($MS) at $223.61Â
* Supersized long $MSOS at $4.46
Position: Long MSOS (VL), NVDA puts; Short SPY (VS), QQQ (VS), MS (S), GRNY (M), JOET (S), BE (S)
Cannabis Tweet From Yesterday
I added aggressively to $MSOS near the close on Thursday at $4.47.
Position: Long MSOS (VL)
The Truth About Building Wealth: Kate Stalter on Investing, Retirement, and Avoiding Costly Mistakes
Next up in our series on getting to know TheStreet Pro’s contributors is Kate Stalter.
Chart of the Day: Berkshire Cash
With a record $397 billion of cash, Berkshire Hathaway ($BRK.A) ($BRK.B) can buy all but 26 of the constituent members of the S&P 500:
Position: None
Howling About U.S. Oil Production
Wolf Street howls about U.S. crude oil production.
Position: None
S&P Oscillator Is Still Overbought
The S&P Oscillator remains in the same narrow overbought range at 2.55% vs. 2.16%.
Position: Short SPY (VS), QQQ (VS)
AÂ Key Observation
Higher stock prices yesterday on lower volume:
– NYSE volume 24% below its one-month average
– NASDAQ volume 35% below its one-month average
Position: None