Tag: SPY

Yesterday and last night I took my Index shorts down dramatically (from medium-sized to very small-sized).

On the Treasury buyback announcement (done in a relatively illiquid time and starting on Sept. 9), S&P futures are +42 handles and the Nasdaq are +150 handles.

I say the markets will test the Treasury’s moves and I am back shorting the indexes:

* ($SPY) $771.43

* ($QQQ) $721.50

Positions: Short SPY S QQQ S 

With S&P futures -47 handles and Nasdaq futures -330 handles I am covering half of my index shorts (4:10 AM):

* $SPY $768.21
* $QQQ $721.83

I plan to reshort strength.

Position: Short SPY (S), QQQ (S)

The S&P Short Range Oscillator has shifted to a greater overbought, at 3.23% vs 2.73%.

Into the overbought I expanded my short index book (at 3:45 AM):

* $SPY  $777.57

* $QQQ $735.09

Position: Short SPY (M), QQQ (S)

I have been shorting on a scale higher today:

* ($SPY) $773.14

* ($QQQ) $725.21

Positions: Short SPY (M), QQQ (S)

Added to index shorts at:

* SPY ($SPY) $772.91
* QQQ ($QQQ) $725.23

Positions: Short SPY M QQQ S

Shorted more of the indexes:

* SPY ($SPY) $771.88
* QQQ ($QQQ) $711.72

Positions; Short SPY M QQQ S