5 Stocks With Relative Strength Right Now
Semiconductors are leading a bounce, but this is not a market that can be trusted.
Back Shorting the Indices
With S&P futures up by +53 handles I am back shorting the indices:
* $SPY $743.00
* $QQQ $714.95
Position: Short SPY (VS), QQQ (VS)
A Very Quick Profit
Out of indices for a very quick profit:
* $SPY $738.27
* $QQQ $708.61
Position: None
Taking a Long Rental in the Indexes
I’m taking a small trading long rental in the indices:
* $SPY $736.37
* $QQQ $705.04
Position: Long SPY (VS), QQQ (VS)
Is the Small-Cap Surge ‘Late Stage Action’ or Just Normal Rotation?
A selloff in chip stocks sparked a move into overlooked sectors ahead of the key jobs report.
Semiconductor Sell-Off Creates Powerful Rotation
Instead of causing concern, the selling in semiconductors triggered vigorous buying.
I’m Eyeing 3 Names Amid Market Rotation
Here’s my strategy as the Dow rises as cash rotates out of overbought semiconductor stocks.
Moving From Large to Medium-Sized
With S&P futures -73 handles (following large declines in reporting companies CrowdStrike ($CRWD) and Broadcom ($AVGO) I am covering some of my shorts from yesterday and this morning:
* $SPY $752.18
* $QQQ $741.69
From last night and during Tuesday’s regular trading session:
After-Hours Trading
At 4:55 PM Tuesday I added to index shorts:
Position: Short SPY (L), QQQ (L)
BY Doug Kass · Jun 3, 2026, 5:45 AM EDT
I moved from large-sized to medium-sized.
Position: Short SPY (M), QQQ (M)
First Time in a Long Time
In one of the first times in a long time, I am adding to my short index position on weakness:
* $SPY $755.35
* $QQQ $744.58
Position: Short SPY (L), QQQ (L)