Wolf Street on CMBS delinquencies.  

Office CMBS Delinquency Rate Re-Spikes to 12.2%, Far Worse than Financial Crisis Peak. End of Extend-and-Pretend Looms | Wolf Street

Position: None

Here are Monday’s “things:”

* I reshorted the indices: SPY at $771.82 and QQQ at $752.71.

* I added to cannabis longs — MSOS at $4.41, GTBIF at $6.29 and GLAS at $5.28.

* I reshorted NVDA at $237.12. I took a small trading loss on much of this short at $237.49. 

* I reshorted GRNY at $28.46.

Position: Long MSOS common (VL) and calls (S), GTBIF (S), and GLAS (S); Short GRNY (S), NVDA (VS)

The S&P Short Range Oscillator remains oversold at -4.56% vs. -4.26%.

In early trading (5:05 AM) I added to my index shorts:

* SPY $776.30

* QQQ $757.58

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