Here are today’s things:
* Covered 1/2 of my $SPCX short at $153.85.
* Covered brokerage shorts in $MS at $222.51 and $GS at $1,080.90.
* Covered tech shorts: $DRAM at $70.26, $SNDK at $2,051 and $MU at $1,099.
* Covered $IWM short at $293.33.
* Added to cannabis longs: $MSOS at $4.50, $GTBIF at $7.28, $TRLV at $8.55 and $VRNOD at $5.29.
Position: Long MSOS (L), GTBIF (S), TRLV (S), VRNOD (S); Short SPCX (VS)
The “reversal” in financials continues:
* JPMorgan ($JPM) -$5.30 after being +$6. Wally Deemer confirmed to me a possible downside day if things stay the same
* Short Morgan Stanley ($MS) is about even on the day after being +$5 in the early going (added $228.47)
* Short Goldman Sachs ($GS) is +$4 after being +$26 (added at $1,119)
* American Express ($AXP) -$2 after being +$7
And so on and so forth…
Position: Short GS (VS), MS (VS)
An up day for stocks. Well, about half of them, that is. Here’s what I’m watching.
Now that the SpaceX ($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)
Let’s check my price targets for Micron and other storage and semiconductor stocks, SpaceX’s IPO, the latest on Iran talks.
TSM’s May revenue, SpaceX’s oversubscription, bank stress tests, and other headlines are moving stocks this morning.
I covered my brokerage shorts just now:
* $GS $1015.69
* $MS $207.43
Position: None
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 $215.02
Position: Long VRNO (S); Short SPY (S), QQQ (S), GRNY (S), JOET (S), GS (VS), MS (VS)
Shorting GS ($GS) $1053.41 and MS ($MS)$215.02.
Positions: Short GS VS MS VS
