A Look at Thursday

US economic data remains light with weekly jobless claims, September leading and coincident indicators and the Kansas City Fed’s October manufacturing survey.

The Fed remains in its blackout period ahead of next week’s October 27–28 FOMC meeting.

Non-Bill (>1yr in maturity) US Treasury auctions continue with a $26bn 5-year TIPS auction.

Q3 earnings season continues with 27 S&P 500 components: Procter & Gamble ($PG), Union Pacific ($UNP), Western Digital ($WDC), Blackstone ($BX), Valero Energy ($VLO), Lockheed Martin ($LMT), Newmont ($NEM), Comcast ($CMCSA), Norfolk Southern ($NSC), Bloom Energy ($BE), Honeywell ($HON), Nasdaq ($NDAQ), Comfort Systems USA ($FIX), CBRE Group ($CBRE), PG&E ($PCG), Roper Technologies ($ROP), Huntington Bancshares ($HBAN), VeriSign ($VRSN), Quest Diagnostics ($DGX), Dover ($DOV), PulteGroup ($PHM), Dow ($DOW), Snap-on ($SNA), Tractor Supply ($TSCO), NVR ($NVR), Allegion ($ALLE) and Deckers Outdoor ($DECK).

Ex-US highlights are France October business confidence, EU27 September new car registrations, Eurozone October consumer confidence, Canada September industrial product price index, and a policy decision in South Korea.

Double Down

I double downed on my $SPY short at $772.97 after the close and upon closer analysis of the Tesla ($TSLA) and Meta ($META) releases.

Position: Short TSLA (S), SPY (M) 

More on the Favorable Cannabis Decision

Position: None

Wednesday After-Market Trading

After the market closed I added to my $SPY short after more clearly analyzing over the $META and $TSLA releases.

As I mentioned (first time long time!) I took a TSLA short-term rental in the after-hours about $394. (I should have done the same with META!)

Position: Short SPY (S), TSLA (S)

Wednesday’s Closing Stock Market Stats

Closing Volume

– NYSE volume 11% below its one-month average; 

– NASDAQ volume 1% above its one-month average; 

– VIX index: down 3.64% to 16.68

Breadth

S&P 500 Sectors

% Movers

Heat Maps

Position: None