Tweet of the Day (Part Deux)
Position: None
Tweet of the Day
Position: None
Stock Prices Down, Volume Up
From Hedgeye:
Position: None
Early Tuesday Morning Trading
* Of a 5:05 AM kind…
I am adding to $GLD under $391 and moving to a large-sized position.
The predictable price pressure on precious metals from higher rates and the fear of a Fed rate increase tomorrow has likely been or is close to being discounted.
I like this entry point… and the risk/reward.
However, like every commodity, gold will remain volatile (both on the downside and upside).
Position: Long GLD (L)
Oscillator Remains Oversold
The S&P Short Range Oscillator remains oversold at -4.56% vs. -4.32%.
Position: Short SPY calls (M)
Kass: History Doesn’t Repeat, But Today’s Market Is Rhyming Loudly
The AI Boom is a potentially toxic combination of 1997 and 2007.
More Trading Today
I added to $GLD (after the close) at $393.46.
Also (I wrote in the Comments Section):
Dougie Kass
25k MSOS Oct $6 calls traded today…
Post Script: I added to my $MSOS call position.
Position: Long MSOS common (VL), calls (S/M), GLD (M)
Monday’s Closing Market Stats
Closing Volume
– NYSE volume 11% above its one-month average
– NASDAQ volume 5% below its one-month average
– VIX index: up 8.02% to 17.11
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
S&P 500 Heat Map
Position: None
Monday’s After-Hours Gainers and Decliners
After-Hours % Gainers
After-Hours % Decliners
Position: None
Citi Rallies
Citigroup ($C) rallies about +$3 on comments at the Barclays Financial Conference that it expects full-year ROTCE to be “a bit above 11%” (which compares to its previous forecast of 10% to 11%).
Position: None