Premarket Trading
I have taken a trading long rental in the Nasdaq (6:30 AM):
* $QQQ $676.74
Position: Long QQQ (S)
Earnings Dynamics Have Changed With Biggest Reports Ahead
Semiconductor weakness lifted the hyperscalers again while the market waits on the Fed.
Investors Turn Bullish on This Biotech Stock Heading Into Catalyst
Breadth holds up while chips fall, and this biotech chart is setting up ahead of earnings season.
Added to Index Trading Longs Rentals
Added to index trading long rentals: SPY ($SPY) $737.11 and QQQ ($QQQ) longs $676.73.
Positions: Long SPY S QQQ S.
Long Trading Rental on Indexes
I have taken a long trading rental in the indexes (on the oversold):
* SPY ($SPY) $737.80
* QQQ ($QQQ) $678.04
At the time of publication, Kass was long SPY VS QQQ VS
The Information Was Fine. The Reactions Were Not.
The gloom is thick, but fundamentals are not the problem. Plus, an important reminder for investors after a trying week.
Profiting From the QQQs
I sold my $QQQ trading long rental right after the close at $684.21 for a small profit.
Position: None
Back Long QQQ
I’m back long (trading rental) in $QQQ at $682.95 — on the greater oversold.
Position: Long QQQ (VS)
… And, I Sold QQQ
Sold my QQQ ($QQQ) trading long rental at $690.70 for a profit.
Positions: None.