Shorted More SPY
I shorted more $SPY (730 AM) at $767.64.
But still very small.
Position: Short SPY (VS)
Lots of News But Little Reaction as Market Yawns
The Dow held up on defensive strength while the Nasdaq lost 1%.
Added to SPY Short
I added to my $SPY short at $767.66.
Position: Short SPY (VS)
Oscillator Back to Slightly Overbought
The S&P Short Range Oscillator is back to (slightly) overbought at 0.56% vs. -0.43%.
I reshorted $SPY when futures were +42 handles in Wednesday’s rally (S&P cash closed up by +15 handles on the day) before covering early this morning.
Position: None
Early Morning Trading (4:34 AM)
* I covered my SPY short after a reversal lower in S&P futures early this morning
With S&P futures -12 handles and about 40 handles lower than where I shorted $SPY in yesterday’s rally, I have covered my SPY short for a nice profit:
* SPY $767.96
From yesterday:
SPY Add
Added to (SPY) short at $771.14.
Positions: Short SPY S
BY Doug Kass · Aug 19, 2026, 10:52 AM EDT
I currently have no index shorts on — but that will change in any rally attempt…
Position: None
I Am Shorting the Indexes on the Treasury Move
Yesterday and last night I took my Index shorts down dramatically (from medium-sized to very small-sized).
On the Treasury buyback announcement (done in a relatively illiquid time and starting on Sept. 9), S&P futures are +42 handles and the Nasdaq are +150 handles.
I say the markets will test the Treasury’s moves and I am back shorting the indexes:
* ($SPY) $771.43
* ($QQQ) $721.50
Positions: Short SPY S QQQ S
Seasonal Slowdown Finally Arrives
The negative seasonality I have been anticipating finally kicked in on Tuesday.
Early Tuesday Morning Trading
With S&P futures -47 handles and Nasdaq futures -330 handles I am covering half of my index shorts (4:10 AM):
* $SPY $768.21
* $QQQ $721.83
I plan to reshort strength.
Position: Short SPY (S), QQQ (S)