Warsh Says Money Is Too Easy, Spiking Odds of a Rate Hike
September hike odds jumped on one sentence about underlying inflation from the Federal Reserve chair.
Not Broadening
$SPY +0.44%
$QQQ +0.26%
$IWM -0.58%
$RSP -0.04%
Position: Short SPY (M)
Things I Did Yesterday
Here are Thursday’s things:
*I shorted $CRWV at $92.32 and covered at $87.98.
* I added to $GRNY short at $28.03.
* I shorted more $JPM at $456.76 and covered my entire position at $362.82.
* New short $CRM at $252.54.
* Shorted $NVDA $226.08 and covered NVDA at $224.04.
* Added to $VRNO at $5.87, to $MSOS long at $4.79 and initiated short-dated call options in MSOS.
* Covered $QQQ short at $715.98.
* Shorted more $SPY $771.22
Position: Long VRNO (M), MSOS (VL), MSOS calls (S); Short SPY (M), NVDA (VS), GRNY (M), CRM (S)
What’s Good for This Chip Giant Isn’t Good for Its Customers
The largest stock in the market held up the indices but there was plenty of weakness under the surface.
Things I Did Yesterday
Here are yesterday’s things:
* I covered $NVDA at $206.60 and re-shorted at $218.50.
* I added to my $CRVW short at $90.79.
* I added to two ETF shorts — $GRNY at $27.88 and $JOET at $46.19.
* I added to my $JPM short at $356.80.
* I shorted $SPY at $769.29 and covered at $768.53.
* I shorted $QQQ at $716.73 and covered at $715.02.
Position: Short NVDA (VS), CRVW (VS), GRNY (M), JOET (S)
I’m Building a Bigger Position in This Fast-Growing Energy Play
One of the favorite names on my shopping list, this is a way to own the fastest-growing oil and gas fields in the world.
3 Factors Align for Bounce Action, but Don’t Be Too Trusting
Nvidia is finally bouncing after six straight down sessions.
Lots of News But Little Reaction as Market Yawns
The Dow held up on defensive strength while the Nasdaq lost 1%.
I Just Added This Stock to My Shopping List Amid Sluggish Market Action
With poor seasonality and bond worries weighing on stocks, the job is to protect capital and build a shopping list.
Can Nvidia Fix the Interest Rate Problem?
Buckle up, Nvidia earnings and the Jackson Hole Economic meeting hit the market this week.