Earlier in the morning from @thestreetpro
Dougie Kass
Index shorts put on at 5:40AM
$SPY $743.19
$QQQ $721.05
Follow me on @thestreetpro to see how I trade the Indices... in the market without memory from day to day @carlquintanilla
Doug Kass opened index short positions at 5:40AM on SPY at $743.19 and QQQ at $721.05. Both indices have since declined from his entry points (SPY now $737.76, down from $743.19; QQQ now $717.12, down from $721.05), suggesting his bearish positioning is currently profitable.
Author shorted QQQ at $721.05; current price $717.12 represents a decline of ~0.5% from his entry, making the short profitable. Despite QQQ showing +3.38% daily gain, it remains below his short entry point. News references 'pounding' and chip sector volatility, supporting tactical short thesis.
Author shorted SPY at $743.19; current price $737.76 represents a decline of ~0.7% from his entry, making the short profitable. Recent news mentions market sinking on war fears and employment concerns, aligning with bearish positioning.
关键要点
Established short positions on major indices (SPY and QQQ) in early morning trading
Entry prices: SPY $743.19, QQQ $721.05
Current prices show both indices trading below his short entry points
References trading in a 'market without memory from day to day,' suggesting tactical/swing approach rather than long-term positioning
