Short Adds
Added to SPY ($SPY) $771.26 and QQQ ($QQQ) $718.65 short just now.
Positions: Short SPY M QQQ S
Momentum Fizzles After 2 Big Days, but Here’s What Indexes Didn’t Show
There was still plenty of speculative action in small stocks, but the indexes needed a rest.
Things I Did Today
Here are today’s things:
* Shorted $SPY at $774.24 and $QQQ at $724.26
* Added to $MSOS at $4.11, $GTBIF at $6.80, $VRNO at $5.20
Position: Long MSOS (VVL), GTBIF (S), VRNO (S); Short SPY (M), QQQ (S)
Surge of FOMO Takes Hold as AI Trade Comes Back to Life
Poor positioning and FOMO are driving this more than lower oil and rates.
This Legacy Tech Name Is Suddenly of the Cheapest AI Plays Around
Earnings growth better than 50%, a forward multiple around 12 and an analyst target roughly a third higher.
Added to Index Shorts
I added to index shorts:
* $SPY $759.57
* $QQQ $705.77
Position: Short SPY (M), QQQ (S)
Tuesday Morning Trading (6:35 AM)
I added to index shorts:
* $SPY $759.04
* $QQQ $705.10
Position: Short SPY (M), QQQ (S)
Shorting QQQ
I am now short very small $QQQ at $697.78.
Position: Short QQQ (VVS)
Things I Did Today
Here are today’s things:
* I shorted $SPY at $746.06, $746.09 and $QQQ at $692.96, $695.61
* I covered SPY at $742.63 and QQQ at $687.21
* I added to $GLAS at $9.57, $GTBIF at $7.16, $TRLV at $8.35 and $VRNO at $5.28.
Position: Long GLASF (S), TRLV (S), VRNO (S)
That Was Fast!
I just covered my entire Index (short) position for a profit:
SPY ($SPY) $742.63
QQQ ($QQQ) $687.21
From a few minutes ago (!):
Added to Index Shorts
I added to my Index shorts on the rally after the opening:
* SPY (SPY) $746.09
* QQQ (QQQ) $695.61
Positions: Short SPY VS QQQ VS
BY Doug Kass · Jul 31, 2026, 9:48 AM EDT
Positions: None.