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)
Here are today’s things:
* Re-shorted $SPY at $746.68 and $QQQ at $736.53.
* Re-shorted $GRNY at $27.49 and JOET at $45.57.
* Added to cannabis longs: $MSOS ($4.69), $MSOX (new position) and GTBIF ($7.49).
* Shorted more $MS at $228.47.
Position: Long GTBIF (S), MSOS (VL), MSOX (VS); Short SPY (S), QQQ (S), GRNY (VS), JOET (VS), MS.
Kevin Warsh’s Fed debut, Fox snaps up Roku and other headlines are moving stocks this morning.
We added to three holdings and started a new position during a roller-coaster week for the market.
Let’s check my price targets for Micron and other storage and semiconductor stocks, SpaceX’s IPO, the latest on Iran talks.
A $23 million move by the small-cap concern has me looking to increase my position.
I covered my brokerage shorts just now:
* $GS $1015.69
* $MS $207.43
Position: None
Israel-Iran tensions mount, NFIB warns of inflation and and other headlines are moving stocks this morning.
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
