Back Shorting the Indices
Back shorting the indices with S&P cash +55 handles:
* $SPY $738.14
* $QQQ $718.32
Position: Long SPY (VS), QQQ (VS)
Covered Index Shorts
Covered index shorts:
* SPY ($SPY) $73410
* QQQ ($QQQ) $708.47
Positions: None
Added to Index Shorts
* SPY $737.51
* QQQ $715.73
But, given tomorrow is the last trading session of the month (markups likely!) and then to start of a new trading month (inflows likely) – I will likely move slowly.
I got the mesage from the first 10 subs that commented on cessation of Index prices – and I got the message!
Short SPY VS QQQ VS
Added to Index shorts:
* SPY ($SPY) $737.51
* QQQ ($QQQ) $715.73
But, given tomorrow is the last trading session of the month (markups likely!) and then to start of a new trading month (inflows likely) – I will likely move slowly.
I got the mesage from the first ten subs that commented on cessation of Index prices – and I got the message!
Positions: Short SPY VS QQQ VS
Is This Just the Latest Example of Algorithmic Overshoot?
Let’s get real about South Korea’s wild market swings, a new ADR listing, oil’s decline, the DJIA, and what I’m seeing from the S&P 500.
Tuesday Night Trading
Up, down, up, down, up, down. (I counted at least three moves of 25 handles, while I was awake trading!)
The Spoos were more active than a bed bug last night — moving, in aggregate about one percent.
I traded $SPY and $QQQ profitably/aggressively but since they are closed out there is no need (or value) to recap the specific trades.
I approach evening trading opportunistically — and find a lot of inefficiencies, perhaps explaining why about one-third of my trading/investing is done in the after and pre markets.
I currently have no index positions.
Position: None
Things I Did Today
Here are today’s things:
* Shorted $SPY at $749.07 and $QQQ at $743.67 — covered SPY at $744.80 and QQQ at $737.99.
* Added to $JOET short at $45.64 and $GRNY short at $27.63.
* Shorted a package of high-beta tech.
* Shorted more $MS at $227.32.
* Shorted more $IWM at $297.07.
* Added to longs $MSOS at $4.76, $MSOX at $3.00, $GTBIF at $7.55, $VRNOD at $5.55, $CURLD at $9.73 and $TRLV at $9.40.
Position: Long MSOS (L), MSOX (VS), GTBIF (S), VRNOD (S), CURLD (VS), TRLV (S); Short high-beta tech package, JOET (S), GRNY (M), MS (M), IWM (S)
SPY, QQQ Covered
With S&P cash – 26 handles I have covered my Index shorts:
* SPY ($SPY) $744.80
* QQQ ($QQQ) $737.99
From only 40 minutes ago:
Index Short Update
With S&P cash + 24 handles, I am back shorting the indexes:
* SPY (SPY) $749.07
* QQQ (QQQ) $743.60
Positions: Short SPY VS QQQ VS
BY Doug Kass · Jun 22, 2026, 10:09 AM EDT
Index Short Update
With S&P cash + 24 handles, I am back shorting the indexes:
* SPY ($SPY) $749.07
* QQQ ($QQQ) $743.60
Positions: Short SPY VS QQQ VS
Rocky Start to Iran Deal, Charting LESS Volatility, Bracing for Price Data
Let’s check the latest on the Iran deal after a bumpy weekend; also, how the bears, bulls and … Sarge sees the chart of the S&P.
Weekly Roundup: Peace Deal, Warsh Arrives, and the Portfolio Moves Ahead
We closed three positions, began a new one, and added to two others. Plus, we look ahead to the potentially most impactful earnings report next week.