Morning (Short) Additions
Added to following shorts:
* SPY ($SPY) $752.76
* QQQ ($QQQ) $722.46
* GRNY ($GRNY) $27.86
Positions: Short SPY VS QQQ VS GRNY M
Things I Did Yesterday
Here were yesterday’s things:
* New short position — Bloom Energy ($BE) at $265.39
* New option position — Bought Nvidia ($NVDA) puts
* Reshorted $SPY at $748.88 and $QQQ at $722.58
* Shorted $GRNY at $27.81
* Shorted $JOET at $45.97
* Reshorted Morgan Stanley ($MS) at $223.61
* Supersized long $MSOS at $4.46
Position: Long MSOS (VL), NVDA puts; Short SPY (VS), QQQ (VS), MS (S), GRNY (M), JOET (S), BE (S)
SPY, QQQ Shorts
Back shorting the indexes after the two day rally:
* SPY ($SPY) $748.64
* QQQ ($QQQ) $722.34
Positions: Short SPY VS QQQ VS
Not Broadening Out
Despite pleas of broadening out, the equity market is teetering on a disbroadening.
Here were yesterday’s stats:
* $SPY -0.29%
* $QQQ +0.27%
* $IWM -0.89%
* $RSP -1.22%
To me, key to the broadening-out thesis would be continued strength in financials, which was nowhere to be found:
* $JPM -$8
* $C – $3
* $KRE challenging (to the downside) some important support.
Position: Short JPM (S), C (S)
Sold SPY, QQQ
S&P futures are now -40 handles (an improvement of +30 handles) and I have sold my trading long rentals for a quick and profitable trade:
* SPY ($SPY) $743.47
* QQQ ($QQQ) $704.23
From earlier:
Index Trading Long Rentals (720AM)
* SPY $740.96
* QQQ $700.16
Positions: None
Things I Did Today
Here are today’s things:
* Re-shorted indices — $SPY at $748.84 and $QQQ at $722.33.
* Added to $GRNY short at $27.87 — moved to large sized.
* Shorted $JPM $337.81 and $C at $142.90.
* Added to $MSOS at $4.77 and selected individual cannabis shares — $TRLV, $VRNOD, $GTBIF and $GLAS.
Position: Long MSOS (M), TRLV (S), VRNOD (M), GTBIF (S), GLAS (S); Short JPM (M), C (S), GRNY (L), SPY (S), QQQ (VS)
SPY Additions
I added to my SPY ($SPY) short at $748.45.
I am bidding for cannabis names across the board as we move closer to rescheduling
Positions: Short SPY S QQQ VS
June Monthly Roundup: The Market Stumbled in June. The Portfolio Didn’t.
As we extended our lead over the S&P 500, we locked in big gains on several positions, added to new holdings and made other buys.