Howling About HELOCs
Wolf Street howls about HELOCs.
Position: None
Tweet of the Day (Part Deux)
Position: None
Tweet of the Day
Position: None
My Tweet of the Month
Position: None
Things I Did the Last Two Days
* Added to index shorts: $SPY at $747.51 and $QQQ at $719.69
* Shorted $AMD at $448.03, $INTC at $116.31, $MU at $786.10, $NVDA at $236.81, $SNDK at $1,415 and $TSLA at $445.76.
* Added to these longs: $PEP at $148.63, $PG at $142.66 and $KMB at $96.94.
Position: Long PEP (S), PG (S), KMB (S); Short SPY (S), QQQ (S), AMD (S), INTC (S), MU (S), NVDA (S), SNDK (S), TSLA (S)
The Stock Market Forecast Shows Complacency with a Dash of Giddy
While most investor sentiment shows complacency, what’s going on with the options traders?
Early Morning Trading (5:01 AM)
I have moved from small to very small in the indices.
With S&P futures -77 handles I have covered some:
* $SPY $740.98
* $QQQ $709.65
I plan to re-short strength.
Position: Short SPY (VS), QQQ (VS)
Oscillator Is Now Neutral
The S&P Short Range Oscillator is now in neutral at 0.09% vs. 1.05%.
Position: Short SPY (S), QQQ (S)
We Can Call Options Traders Quite Giddy
While other measures of sentiment show complacency, it’s the options market where things are out of hand.
Half of Stocks Now Trading Under Key Average
It was another positive day with broader action but most of the market isn’t participating.