S&P Oscillator Still Overbought
The S&P Short Range Osclllator remains overbought at 1.77% vs. 1.99%.
Postion: None
The S&P Short Range Osclllator remains overbought at 1.77% vs. 1.99%.
Postion: None
Dougie Kass
800PM
With futures -59 handles I covered my Index shorts from Thursday (Friday was a holiday!):
From Thursday:
Here are today’s things:
* Re-shorted SPY at $746.68 and QQQ at $736.53.
* Re-shorted GRNY at $27.49 and JOET at $45.57.
* Added to cannabis longs: MSOS ($4.69), MSOX (new position) and GTBIF ($7.49).
* Shorted more MS at $228.47.
Position: Long GTBIF (S), MSOS (VL), MSOX (VS); Short SPY (S), QQQ (S), GRNY (VS), JOET (VS), MS.
BY Doug Kass · Jun 18, 2026, 11:55 AM EDT
We got that rally last week, but under the surface, there are worrying trends.
Several insiders purchased just over 180,000 shares in total during mid-May, always a nice vote of confidence.
Stocks that should be rallying are instead selling off hard.
Dividend income feels like a safety net, but a portfolio that keeps paying doesn’t necessarily keep growing. Here’s what the yield doesn’t show you.
The market does not reward activity. It rewards being right at the moments that matter.
Let’s scan through the headlines for the stories of the week that speak to our Pro Portfolio holdings.
Haverty Furniture, with its bullish chart, solid balance sheet, and 5.38% dividend yield, is a buy.
We closed three positions, began a new one, and added to two others. Plus, we look ahead to the potentially most impactful earnings report next week.