Category: Daily Diary

Wolf Street howls about housing’s slowdown. 

Position: None

Nasdaq just triggered 8 Hindenburg Omen and Titanic Syndrome warnings in 3 weeks.

When the 3-week warning count reached 8+, Nasdaq annualized returns averaged -24%.

Price keeps pushing higher. So do the warnings.

Read full analysis:https://t.co/iJUI9CJyKS pic.twitter.com/kwQ3f8aEt4

— SentimenTrader (@sentimentrader) May 21, 2026

Position: None

The S&P Short Range Oscillator remains in oversold territory at -0.87% vs. -1.66%.

Position: Short SPY (VS), QQQ (VS)

At 4:55 AM, I am re-establishing index shorts:

* $SPY  $745.62

* $QQQ $718.62

Position: Short SPY (VS), QQQ (VS)

After-Hours % Advancers

After-Hours % Decliners

Position: None

Closing Volume

– NYSE volume 3% below its one-month average  
– NASDAQ volume 5% below its one-month average 
– VIX index: down 4.07% to 16.73

Breadth

S&P 500 Sectors

% Movers

Nasdaq 100 Heat Map

Closing S&P 500 Heat Map

Position: None

From Randorama:

Randy

"The biggest killer on the planet is stress, and I still think the best medicine is and always has been cannabis."

– Willie Nelson pic.twitter.com/qWb3ObRD94

— TDR (@TheDalesReport) May 21, 2026

Position: Long MSOS (M); Short MSOS calls (VS)

I have added $TCNNF to my cannabis long stable.

Adding to $GLASF now.

Position: Long TCNNF, GLASF

* The bullish herd is well populated…

As subscribers know, we keep a tab on the bullish/bearish ratio of CNBC guests (actually we have an intern that does it!).

Here are the results between Monday and today:

There have been 39 bullish commentators and two bearish “talking heads” on The Death Star this week.

Extreme greed.

Position: None