Trading Update

Avatar photo Doug Kass on August 28, 2026

S&P futures are -27 and Nasdaq futures are -245, which is a big reversal from the earlier market strength.

I have covered my $SPY short at $768.70 on the belief we might have some month-end markups.

I plan to re-short strength if we see markups near the close today. 

From earlier today:

Even More…

I shorted more SPY at $755.18.

If it wasn’t for month-end I would go large-sized short SPY.

Position: Short SPY (M)

BY Doug Kass · Aug 28, 2026, 11:10 AM EDT

Shorting More SPY

I added to SPY short at $774.01.

Position: Short SPY (M)

BY Doug Kass · Aug 28, 2026, 11:02 AM EDT

Position: None

Not Broadening

Avatar photo Doug Kass on August 28, 2026

$SPY    +0.44%

$QQQ  +0.26%

$IWM   -0.58%

$RSP    -0.04%

Position: Short SPY (M)

Even More…

Avatar photo Doug Kass on August 28, 2026

I shorted more $SPY at $755.18.

If it wasn’t for month-end I would go large-sized short $SPY.

Position: Short SPY (M)

Things I Did Yesterday

Avatar photo Doug Kass on August 28, 2026

Here are Thursday’s things:

*I shorted $CRWV at $92.32 and covered at $87.98.

* I added to $GRNY short at $28.03.

* I shorted more $JPM at $456.76 and covered my entire position at $362.82.

* New short $CRM at $252.54.

* Shorted $NVDA $226.08 and covered NVDA at $224.04.

* Added to $VRNO at $5.87, to $MSOS long at $4.79 and initiated short-dated call options in MSOS.

* Covered $QQQ short at $715.98.

* Shorted more $SPY $771.22

Position: Long VRNO (M), MSOS (VL), MSOS calls (S); Short SPY (M), NVDA (VS), GRNY (M), CRM (S) 

Scaling My SPY Short

Avatar photo Doug Kass on August 27, 2026

As telegraphed, I am shorting $SPY on a scale (with the weak breadth serving as my short-term catalyst).

Last short at $772.01.

Now medium sized.

Position: Short SPY (M)

Things I Did Yesterday

Avatar photo Doug Kass on August 27, 2026

Here are yesterday’s things:

* I covered $NVDA at $206.60 and re-shorted at $218.50.

* I added to my $CRVW short at $90.79.

* I added to two ETF shorts — $GRNY at $27.88 and $JOET at $46.19.

* I added to my $JPM short at $356.80.

* I shorted $SPY at $769.29 and covered at $768.53.

* I shorted $QQQ at $716.73 and covered at $715.02.

Position: Short NVDA (VS), CRVW (VS), GRNY (M), JOET (S)

Things I Did Today

Avatar photo Doug Kass on August 25, 2026

Here are today’s things:

* I added to my $SPY short at $767.18.

* I added to ETF shorts $GRNY at $27.89 and $JOET at $46.10.

* I shorted $JPM at $353.71.

* I shorted more $CRWV at $89.06 and $NVDA at $212.04. 

Position: Short SPY (VS), GRNY (M), JOET (S), JPM (VS), CRWV (VS), NVDA (S)