Closing Market Stats for Wednesday

Closing Volume

– NYSE volume 2% below its one-month average  
– NASDAQ volume 22% below its one-month average  
– VIX index: up 0.85% to 16.59

Breadth

S&P 500 Sectors

% Movers

Nasdaq 100 Heat Map

Closing S&P 500 Heat Map

Position: None

Maxim No. 1

The more years I spend listening to the talking heads in the investment business, the more I realize so much is B.S.:

Position: None

Adding to 3 Longs

I’m adding to private equity longs:

* $APO $118.22

* $BX $119.37 

* $KKR $92.44

An investment and not a trade.

Position: Long APO (S), BX (S), KKR (S)

Tactics (Part Deux)

I strongly believe that the second half of this year will be filled with volatility and opportunity.

I will likely be trading more aggressively than I have in the past.

Position: None