Programming Note
I have several research meetings out of the office today, starting at 2 p.m., so I will be slow on the posts late in the day.
Positions: None.
Not Gone Fishing
I would still avoid financials and not bottom fish:
Position: None
Recommended Viewing
Run don’t walk to watch Dan and Peter Boockvar on a special MRKT CALL today at 11 a.m.
Two of my very favorite peeps.
Let’s go to the tape. MRKT Call – Thursday, October 8th
Positions: None
The Russell Is Still Not Crowing
* For emphasis… the market continues to narrow
$SPY -0.29%
$RSP – 0.19%
$QQQ -0.46%
$IWM -0.82%
Positions: None
Things I Did Today
Here are today’s things:
* I covered all of my Index shorts: $SPY $772.55 and $QQQ $751.41 (for a quick profit from last night).
* I am back buying $PEP at $124.88
* I added to $MSOS $4.39, $GTBIF $6.61 and $GLAS $4.99
* I added to $GRNY short at $28.49.
Long MSOS common VL calls VS GTBIF S GLAS S PEP M
Short GRNY M
Wolf Street Growls at ECB
Wolf Street howls about the ECB. Still QT plus Renewed Rate Hikes at the ECB despite Surging Bond Yields in the Euro Area | Wolf Street
Positions: None.
Energy (XLE) Vs. Tech (XLK) Vs. Financials (XLF)
Charts from 9:45 a.m. ET
Gulping Down Pepsi
I plan to move to large-sized $PEP today.
Positions: PEP M
Not Broadening (Part Deux)
Positions: None.
No TIPS Please
Positions: None.