Early Wednesday Morning Trading (4:05 AM)
I am back adding to index shorts with S&P futures +20 handles and Nasdaq futures +260 handles:
* $SPY $752.33
* $QQQ $736.17
Position: Short SPY (M), QQQ (M)
Financial Stocks Benefit as Rotational Action Intensifies
Technology names led on Monday, but lower interest rates were the focus on Tuesday.
Adding to a Health-Related Name as SpaceX Sucks Up the Oxygen
As the action narrows, I’m continuing to raise cash.
More Morning Short Moves
More index shorts:
* SPY ($SPY) $755.18
* QQQ ($QQQ) $743.91
Short SPY M QQQ M
Why I Raised My Cash Levels as Rotation Favors Big Tech
The market had a good day on Iran news, but the action was uneven.
I’m Selling Into Strength, But Watching This High-Risk/High-Return Stock
Here’s how I’m playing a solid reaction to the Iran deal but no euphoria.
Shorts Update
With these index shorts I am moving closer to medium-sized:
* SPY ($SPY) $753.96
* QQQ ($QQQ) $741.72
Positions: Short SPY S QQQ S
Overnight Trading
I moved from VS to S in index shorts overnight, coincident with the strong rally in stock futures (+96 handles S&P +655 Nasdaq :
* $SPY $751.25
* $QQQ $737.20
Position: Short SPY (S), QQQ (S)
Added to My Index Shorts
I’ve added to my index shorts:
* $SPY $741.62
* $QQQ $720.93
Position: Short SPY (VS), QQQ (VS)