The Strong Open and Weak Close Pattern Is a Warning
Lower oil is boosting the market as investors await the SpaceX IPO.
Lower oil is boosting the market as investors await the SpaceX IPO.
* The NY Knicks had the greatest comeback in NBA Finals Playoff history
* The S&P and Nasdaq futures’ recovery was not far behind…
S&P futures were -45 last night (at the lows) and are now +55 handles — a rally of +100 handles on no news!
I am covering the balance of my index longs from last night (at 508 AM):
* $SPY $731.39
* $QQQ $702.46
From last night:
Dougie Kass10h ago
I have reestablished a trading long rental in the Indices:
* SPY $723.35
* QQQ $690.05
Dougie Kass 9h ago
The after hours has grown volatile.
Futures were down 45 handles from the close, now -17 handles
I want to enjoy the Knicks game.
I covered 745PM most of my Index longs for a small profit – now very small:
SPY $723.55
QQQ $691.53
Position: None
With S&P cash -59 handles (rallying almost 40 from the lows) I have sold out my index trading long rentals for a small profit:
* $SPY $731.53
* $QQQ $700.88
Position: None
With S&P cash -93 handles I am adding to my index trading longs:
* $SPY $728.22
* $QQQ $606.17
Position: Long SPY (S), QQQ (S)
I added to my trading long rental in the indices with S&P cash cash -73 handles, moving up from very small to small-sized:
* $SPY $730.04
* &QQQ $697.76
Position: Long SPY (S), QQQ (S)
I’m back buying the indices with S&P cash -89 handles:
* $SPY $729.11
* $QQQ $696.44
Position: Long SPY (VS), QQQ (VS)
With S&P futures rallying to -56 handles I have sold my Index trading long rentals ahead of the inflation data for a very small profit:
* SPY ($SPY) $731.68
* QQQ ($QQQ) $699.18
Positions: none.
With S&P futures -84 handles and Nasdaq futures -480 handles, I am adding to my trading long rentals:
* $SPY $728.88
* $QQQ $695.71
Position: Long SPY (VS), QQQ (VS)
Taking a trading long rental in the indices with S&P futures -70 handles:
* $SPY $730.42
* $QQQ $698.06
Position: Long SPY (VS), QQQ (VS)