The News Is Out
Now that the SpaceX ($SPCX) IPO has occurred I am back shorting the beneficiaries of that transaction:
* $GS $1067.89
* &MS $215.15
Position: Short GS (VS), MS (VS)
My Tech Price Target Reveal; Out-of-This-World IPO; Peace … At Last?
Let’s check my price targets for Micron and other storage and semiconductor stocks, SpaceX’s IPO, the latest on Iran talks.
May CPI, End to Ceasefire?: 8 Key Items Shaping the Stock Market Wednesday
TSM’s May revenue, SpaceX’s oversubscription, bank stress tests, and other headlines are moving stocks this morning.
Brokerage Shorts Covered
I covered my brokerage shorts just now:
* $GS $1015.69
* $MS $207.43
Position: None
Things I Did Today
Here are today’s things:
* I shorted the indices:
$SPY at $743.26
$QQQ at $718.08
* Covered some SPY at $741.18 and $716.57 (I didn’t report this one promptly!)
* Shorted $GRNY at $27.18 and $JOET at $44.66.
* Added to $VRNO long at $1.135.
* Shorted $GS at $1,053.42 and $MS at $215.02
Position: Long VRNO (S); Short SPY (S), QQQ (S), GRNY (S), JOET (S), GS (VS), MS (VS)
Shorting GS, MS
Shorting GS ($GS) $1053.41 and MS ($MS)$215.02.
Positions: Short GS VS MS VS
It’s Time to Make Some Moves as a Shift in Market Character Develops
Chips rolling over on Broadcom and IBIT testing structural support are testing the market.
New Morgan Stanley Price Target After Anthropic IPO Update
We will continue tracking IPO and M&A activity for signs of even further upside.
Jensen Huang Blesses Marvell: 8 Key Items Shaping the Stock Market Tuesday
Lebanon’s ceasefire, HPE earnings, Google’s capital raise, and other headlines are moving stocks this morning.
Unusual Action Warns That Institutions Are Reducing Exposure
There was an odd brew of strength and weakness on Monday.