ASML Plans Capacity Additions: 8 Key Items Shaping the Stock Market Wednesday
U.S.-Iran, Nvidia confirms Vera tracking, Apple Intelligence approved in China, and other headlines that are moving stocks this morning.
Second-Level Shorting
I have added to my Morgan Stanley ($MS) short (at $231.37) after the “better than expected” earnings per share release.
Here is the complete release: 2Q26 MS Earnings Release
I am employing second level thinking. Howard Marks: The Importance of Second-Level Thinking • Novel Investor
Positions: Short MS S
Digging Into Comments from IBM and JPMorgan Chase
What we find is supportive of AI adoption and usage, and several Portfolio holdings.
Things I Did Today
Here are today’s things:
* Shorted the indices: $SPY at $752.83 and $QQQ at $722.13
* Covered my index shorts for a profit: SPY at $749.63 and QQQ at $717.82
* Shorted $GRNY at $27.86 and $JOET at $45.83
* Shorted $JPM at $338.50 and covered it at $327.31
* Reshorted $JPM at $343.78
* Shorted $MS at $230.43
* Added to $MSOS at $4.65, $MSOX at $2.73, $TRLV at $8.85 and $VRND at $6.08
Position: Long MSOS (VL), MSOX (S), TRLV (S), VRND (S); Short GRNY (M), JOET (S), JPM (S), MS (S)
JPMorgan Lifts Price Targets for 2 Portfolio Holdings as Iran Tensions Rise
Here are the upcoming reporting dates for the Portfolio’s holdings.
Chart of the Day: Morgan Stanley Is Ready for Prime Time
No question the strong stock market has helped, but so has something else!
VIDEO: Our Roadmap for Big Bank Earnings
Plus, June inflation data and Taiwan Semi’s outlook for H2 2026.
Whispers of Black Monday as S. Korean Stocks Sink, Iran Fighting Resumes
I don’t think it’s ugly enough for a 1987 repeat, but just the idea can put a trader on edge. Let’s check the latest of the markets, Iran conflict, the Fed.
Weekly Roundup: Portfolio Extends Lead, Adds Firepower Ahead of Earnings Season
We locked in gains on three holdings, giving our cash levels a boost as the Q2 earnings season heats up.
Things I Did Yesterday
Here were yesterday’s things:
* New short position — Bloom Energy ($BE) at $265.39
* New option position — Bought Nvidia ($NVDA) puts
* Reshorted $SPY at $748.88 and $QQQ at $722.58
* Shorted $GRNY at $27.81
* Shorted $JOET at $45.97
* Reshorted Morgan Stanley ($MS) at $223.61
* Supersized long $MSOS at $4.46
Position: Long MSOS (VL), NVDA puts; Short SPY (VS), QQQ (VS), MS (S), GRNY (M), JOET (S), BE (S)