Sometimes the Sale Is When the Trading Really Gets Good
Let me show you how selling is a powerful trading tool — and the big difference between revenge and a remount.
Tracking 33 Signals Across 9 of the Pro Portfolio’s Investment Themes
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
A Broad Friday Rally Takes the S&P 500 Just Below Record Highs
Nine of 11 sectors rose, powering the S&P higher despite semiconductor weakness. Small-caps, though, posted a fifth straight weekly loss for the first time since 2022.
Weekly Roundup: Oil, Yields and AI Jitters Make for a Choppy Climb
We added to one holding while our concern for higher energy prices starts to play out.
Friday’s After-Hours % Gainers, Decliners
Position: None
Friday’s Closing Market Data
Closing Volume
– NYSE volume 20% below its one-month average
– NASDAQ volume 16.5% below its one-month average
– VIX index: down 3.83% to 14.82
Breadth
S&P 500 Sectors
% Movers
Heat Maps
Position: None
Bottoming Action Hits Ahead of Earnings Season
Biotech and other beaten-down groups bounced as the market heads into bank earnings.
Challenging the B.S.
I couldn’t help myself:
Position: None
A (Little) Deal With The Devil
The diesel supply agreement with Russia is a very very temporary respite (though a great headline and discussion point in the business media!!) to a difficult demand/supply situation that must have other resolutions to be lasting.
By my estimates the diesel agreement is less than two days usage for the U.S. — it is a Band-Aid.
The immediate response was for about a 4% decline in the price of diesel.
I am expanding my shorts on the news.
Position: None
More Index Shorts
With S&P cash +53 handles, I am shorting another tranche of indices:
* $SPY $779.22
* $QQQ $752.61
Position: Short SPY (S), QQQ (S)