Short Range Oscillator Remains Overbought
The S&P Short Range Oscillator remains in overbought territory at 2.34% vs. 1.77%.
Position: None
A Market With Pockets of Health and Pockets of Sickness
There’s lots to love about the stock market right now. And many things to be concerned about.
Monday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Monday’s Closing Market Stats
Closing Volume
– NYSE volume 7% below its one-month average
– NASDAQ volume 25% above its one-month average
– VIX index: up 5.61 to 17.32
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Palantir Breaks Support as Market Action Deteriorates Into the Close
Here’s why the setup is difficult as well as one area where the action is working.
My Tweet of the Day (Part Deux)
Position: None
El-Erian Tweet
Position: None
DRAM Short
I have taken a small trading short rental in $DRAM at $80.27.
Position: Short DRAM (S)
Things I Did Today
Here are today’s things:
* Shorted $SPY at $749.07 and $QQQ at $743.67 — covered SPY at $744.80 and QQQ at $737.99.
* Added to $JOET short at $45.64 and $GRNY short at $27.63.
* Shorted a package of high-beta tech.
* Shorted more $MS at $227.32.
* Shorted more $IWM at $297.07.
* Added to longs $MSOS at $4.76, $MSOX at $3.00, $GTBIF at $7.55, $VRNOD at $5.55, $CURLD at $9.73 and $TRLV at $9.40.
Position: Long MSOS (L), MSOX (VS), GTBIF (S), VRNOD (S), CURLD (VS), TRLV (S); Short high-beta tech package, JOET (S), GRNY (M), MS (M), IWM (S)
Programming Note
I have two research calls this afternoon — at 2:45 PM and 3:30 PM.
Radio silence.
Position: None