There Was More Than One Comeback Last Night!

* 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

Adding to My Index Longs

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)

Index Trading Update

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)

Premarket SPY, QQQ Moves

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.

Adding to My Trading Long Rentals

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)