Unusual Action Warns That Institutions Are Reducing Exposure
There was an odd brew of strength and weakness on Monday.
There was an odd brew of strength and weakness on Monday.
Added to Index shorts on the rally to positive:
* ($SPY) $756.27
* ($QQQ) $739.82
Positions: Short SPY L QQQ L
I am adding to my index shorts:
* $SPY $758.63
* $QQQ $741.18
Position: Short SPY (L), QQQ (L)
I’m enjoying the aggressive speculative trading, but growing worried about some upcoming catalysts and toppy technical action.
I have moved to large short the indexes:
* ($SPY) $757.76
* ($QQQ) $740.89
Positions: Short SPY L QQQ L
Adding to my index shorts:
* $SPY $755.63
* $QQQ $735.96
Position: Short SPY (M), QQQ (M)
I am moving toward a large index short position:
* $SPY $754.04
* $QQQ $734.94
Position: Short SPY (M), QQQ (M)
Stocks rip higher on an Axios report that a peace agreement (again) has been reached.
I am adding to my index shorts with s and p cash +27 handles:
* ($SPY) $753.10
* ($QQQ) $732.16
Positions: Short SPY M QQQ M
With the reversal from the early morning lows I am adding to my index shorts:
* ($SPY) $750.54
* ($QQQ) $729.72
Positions: Short SPY M QQQ M
I’m reducing some positions, but adding this highly speculative, low-priced data center name.