If the Equal Weight S&P Is So Strong, Why Isn’t Breadth Rallying?
Let’s dive in and look at the equal-weight S&P and try to understand why breadth isn’t stronger.
Short Adds
Added to SPY ($SPY) $771.26 and QQQ ($QQQ) $718.65 short just now.
Positions: Short SPY M QQQ S
Added to SPY Short
I added to SPY ($SPY) short at $770.40
Positions: Short SPY M
Things I Did Today
Here are today’s things:
* Shorted $SPY at $774.24 and $QQQ at $724.26
* Added to $MSOS at $4.11, $GTBIF at $6.80, $VRNO at $5.20
Position: Long MSOS (VVL), GTBIF (S), VRNO (S); Short SPY (M), QQQ (S)
Bulls Got a Green Light, But Here’s Why They Shouldn’t Floor It
We have a technical follow-through day, however, disciplined buying is paramount.
Surge of FOMO Takes Hold as AI Trade Comes Back to Life
Poor positioning and FOMO are driving this more than lower oil and rates.
Added to Index Shorts
I added to index shorts:
* $SPY $759.57
* $QQQ $705.77
Position: Short SPY (M), QQQ (S)
Tuesday Morning Trading (6:35 AM)
I added to index shorts:
* $SPY $759.04
* $QQQ $705.10
Position: Short SPY (M), QQQ (S)
Small SPY Trade
Moved from very small to small-sized short SPY ($SPY) at $754.54.
Position: Short SPY S
July Monthly Roundup: Keeping Our Lead After a Wild Ride
It was a busy month for the Portfolio with multiple buys and price target changes, as well as some sizable profit-taking along the way.