Scaling My SPY Short
As telegraphed, I am shorting $SPY on a scale (with the weak breadth serving as my short-term catalyst).
Last short at $772.01.
Now medium sized.
Position: Short SPY (M)
Back Shorting SPY
I am back shorting $SPY at $770.65.
I plan to short on a scale higher.
Position: Short SPY (S)
Things I Did Yesterday
Here are yesterday’s things:
* I covered $NVDA at $206.60 and re-shorted at $218.50.
* I added to my $CRVW short at $90.79.
* I added to two ETF shorts — $GRNY at $27.88 and $JOET at $46.19.
* I added to my $JPM short at $356.80.
* I shorted $SPY at $769.29 and covered at $768.53.
* I shorted $QQQ at $716.73 and covered at $715.02.
Position: Short NVDA (VS), CRVW (VS), GRNY (M), JOET (S)
Things I Did Today
Here are today’s things:
* I added to my $SPY short at $767.18.
* I added to ETF shorts $GRNY at $27.89 and $JOET at $46.10.
* I shorted $JPM at $353.71.
* I shorted more $CRWV at $89.06 and $NVDA at $212.04.
Position: Short SPY (VS), GRNY (M), JOET (S), JPM (VS), CRWV (VS), NVDA (S)
Shorted More SPY
I shorted more $SPY (730 AM) at $767.64.
But still very small.
Position: Short SPY (VS)
Lots of News But Little Reaction as Market Yawns
The Dow held up on defensive strength while the Nasdaq lost 1%.
Added to SPY Short
I added to my $SPY short at $767.66.
Position: Short SPY (VS)
Oscillator Back to Slightly Overbought
The S&P Short Range Oscillator is back to (slightly) overbought at 0.56% vs. -0.43%.
I reshorted $SPY when futures were +42 handles in Wednesday’s rally (S&P cash closed up by +15 handles on the day) before covering early this morning.
Position: None
Early Morning Trading (4:34 AM)
* I covered my SPY short after a reversal lower in S&P futures early this morning
With S&P futures -12 handles and about 40 handles lower than where I shorted $SPY in yesterday’s rally, I have covered my SPY short for a nice profit:
* SPY $767.96
From yesterday:
SPY Add
Added to (SPY) short at $771.14.
Positions: Short SPY S
BY Doug Kass · Aug 19, 2026, 10:52 AM EDT
I currently have no index shorts on — but that will change in any rally attempt…
Position: None