Oscillator Now More Overbought
The S&P Short Range Oscillator slips into a greater overbought at 1.59% vs. 1.10%.
Position: Short SPY (M), QQQ (M)
Covering Intel for a Profit
I shorted $INTC at $130.16 in the early morning (around 6 AM). I am covering in the after-hours (around 5:10 PM) at $125.70 for a quick profit.
From earlier:
More Premarket Trading
In premarket trading I shorted INTC at $130.16.
Position: Short INTC (S)
BY Doug Kass · Jun 15, 2026, 6:25 AM EDT
Position: None
Howling About the SPR
Wolf Street howls about the use of the strategic petroleum reserve.
Position: None
Monday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Monday’s Closing Market Stats
Volume
– NYSE volume 4% below its one-month average
– NASDAQ volume 5% above its one-month average
– VIX index: down 8.60% to 16.16
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Recommended Reading
Skeptic Ed Zitron on AI’s Brokenomics.
Position: None
True Story
The computer technician at my office just now asked me if I purchased the SpaceX ($SPCX) IPO.
Then, he went on to say, he owns it and also “a ton” of DRAM.
Position: None
Market Comment
A questionable Iranian “deal”, an emerging AI price war and corporate token spending restrictions, when combined with the news that chip producers in China are gaining market share were, in my view, ingredients for some profit-taking.
I was wrong in view.
In talking to some contacts, the short-selling community no longer exists.
We are in The Great Momentum Market (according to the CNBC panelists on Halftime).
Position: None
Ackman Pushes PSUS
Position: None
None Since Earlier
No trades since my index shorts.
Position: None