Don’t Be Lulled By the Dog Days of August
It’s vacation time for many, but the markets don’t rest. Let’s look back at several historic Augusts that began quietly and ended with volatility.
My Tweet of the Day (Part Deux)
Positions: None.
Did Today’s Dull Trading Foreshadow a Rise in Volatility?
Despite the dullness, there were some interesting things to notice. Let’s dig into the NYSE New Lows indicator and more.
Slowing Market Offers Glimpse of Near Future
Without any catalysts on the horizon, Monday offered a taste of what’s to come.
Monday’s Closing Stats
– NYSE volume 7% below its one-month average;
– NASDAQ volume 14% below its one-month average;
– VIX index: up 3.56% to 15.43
Monday’s After Hours Earnings Calendar
Source: TipRanks
Bonds Bomb (Again)
* And equity participants could care less…
New low on the day in ($TLT) (and high in bond yields).
While equities are non plussed by the weakness in bond prices — I am betting that they will be (in the fullness of time!).
Positions: None.
Things I Did Today
Here are today’s things:
* Shorted more ($SPY) $774.32 and ($QQQ) $725.26
* New position: short Berkshire ($BRK.B) $532.63
* Added to ($MSOS) at $4.33
* Shorted more ($GRNY) $27.91
* Added to ($PEP) long at $137.84
* Shorted more ($JOET) $46.78
Positions: Long MSOS (VVL), PEP (S/M); Short SPY (M), QQQ (S), GRNY (M), JOET (S), BRK (VS).