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.
The market had a good day on Iran news, but the action was uneven.
Here’s how I’m playing a solid reaction to the Iran deal but no euphoria.
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
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)
I’ve added to my index shorts:
* $SPY $741.62
* $QQQ $720.93
Position: Short SPY (VS), QQQ (VS)
With my additional index shorts (below) I moved from very small to small sized:
* $SPY $744.19
* $QQQ $723.79
Position: Short SPY (S), QQQ (S)
Reshorted the Indices:
* SPY ($SPY) $740.56
* QQQ ($QQQ) $719.87
Positions: Short SPY V S QQQ VS
I covered all my index shorts on the whoosh lower:
* SPY ($SPY) $738.09
* QQQ ($QQQ) $713.55
Its going to be a wild and volatile day today.
I want to be opportunistc.
I want to sell strength.
Positions: None.
I covered some index shorts on the sell off:
* SPY ($SPY) $738.76
* QQQ ($QQQ) $715.17
From earlier:
Dougie Kass
Added to Index shorts at 540AM
SPY $743.19
QQQ $721.05
Position: None
BY Doug Kass · Jun 12, 2026, 7:17 AM EDT
Positions: Short SPY S QQQ S
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