On this grossly green day, there are some heroes in my entirely-short portfolio sticking out. Two of them are exchanges: ICE and CME.

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On this grossly green day, there are some heroes in my entirely-short portfolio sticking out. Two of them are exchanges: ICE and CME.

This is a scream:
For the prior 13 days, SpaceX was down 11 of them. After the long slog lower, SPCX is finally getting some buyers, but I suspect this is going to be as inconsequential as the bounce we saw on June 29/30.

Here’s another look at my one homebuilder short, Lennar (LEN). As you can see from the tints, my hope for this is for it to re-enact its behavior during the financial crisis. Its topping pattern is just as good, if not better, than what we witnessed those many years ago.

It’s a relatively quiet market, with the most prominent feature of the market being that tech stocks are recovering fairly strong, especially in the semiconductor space. In recent weeks, the /ES has tried to crack support, but thus far it has held. If it’s going to break, it will take an earnings surprise or two from a notable company to do the trick.
