Tweet of the Day (Part Trois)
Positions: None.
Chart of the Day
Positions: none.
Where Are Gold, Silver and Crude Oil Prices Headed Next?
Commodities prices have been sliding. Let’s check the charts to see where prices are going from here.
The Consumer is Spent Up Not Pent Up
Walmart’s ($WMT) shares have dropped from $135 to $113 since mid-May.
Costco’s ($COST) shares have fallen from $1095 to $940.
Positions: none.
Going Medium-Sized Shorts
With S&P cash +29 handles I have moved to medium-sized short the indexes:
* SPY ($SPY) $744.28
* QQQ ($QQQ) $732.31
Positions; Short SPY M QQQ M
Tech (XLK) Vs. Financials (XLF)
From 9:38 a.m. ET.
Positions: None.
Going Small on Index Shorts
I moved from very small to small sized short the indexes:
* SPY ($SPY) $741.74
* QQQ ($QQQ) $728.50
Positions: Short SPY S QQQ S
New Rocket Lab Price Target After $8 Billion Iridium Update
We’re adjusting our target price for the aerospace name after some big news.
More on Margin
Positions: None.
Ackman Defending His Book
Positions: None.