Back Shorting the Indices
With S&P futures +31 handles and Nasdaq +215 handles, I am back shorting the indices:
* $SPY $742.48
* $QQQ $721.42
Position: Short SPY (VS), QQQ (VS)
Covered My Index Shorts
With S&P cash +22 handles (and near the day’s lows) I have covered the balance of my index shorts for a gain:
* $SPY $739.24
* $QQQ $715.18
Position: None
Things I Did Today
Here are today’s things:
* I shorted the indices:
$SPY at $743.26
$QQQ at $718.08
* Covered some SPY at $741.18 and $716.57 (I didn’t report this one promptly!)
* Shorted $GRNY at $27.18 and $JOET at $44.66.
* Added to $VRNO long at $1.135.
* Shorted $GS at $1,053.42 and $MS at $215.02
Position: Long VRNO (S); Short SPY (S), QQQ (S), GRNY (S), JOET (S), GS (VS), MS (VS)
Back Shorting the Indices
With S&P futures up by +53 handles I am back shorting the indices:
* $SPY $743.00
* $QQQ $714.95
Position: Short SPY (VS), QQQ (VS)
A Very Quick Profit
Out of indices for a very quick profit:
* $SPY $738.27
* $QQQ $708.61
Position: None
Taking a Long Rental in the Indexes
I’m taking a small trading long rental in the indices:
* $SPY $736.37
* $QQQ $705.04
Position: Long SPY (VS), QQQ (VS)
Moving From Large to Medium-Sized
With S&P futures -73 handles (following large declines in reporting companies CrowdStrike ($CRWD) and Broadcom ($AVGO) I am covering some of my shorts from yesterday and this morning:
* $SPY $752.18
* $QQQ $741.69
From last night and during Tuesday’s regular trading session:
After-Hours Trading
At 4:55 PM Tuesday I added to index shorts:
Position: Short SPY (L), QQQ (L)
BY Doug Kass · Jun 3, 2026, 5:45 AM EDT
I moved from large-sized to medium-sized.
Position: Short SPY (M), QQQ (M)
First Time in a Long Time
In one of the first times in a long time, I am adding to my short index position on weakness:
* $SPY $755.35
* $QQQ $744.58
Position: Short SPY (L), QQQ (L)
Adding the Index Shorts
With the sizable rally in the Nasdaq to positive I have added to my index shorts:
* ($SPY) $756.75
* ($QQQ) $746.52
Positions: Short SPY L QQQ L