Adding to my (GRNY) short at $28.51.

Positions: Short GRNY (M)

I am in the process of writing a column about the circular financing of AI.

It is revealing and I believe damaging to the bullish thesis — it ties and quantifies the risks in a way I haven’t seen anyone do.

But it is also at a deep dive that I am fearful that I will lose our readers in the first paragraph.  

A part of me wants to complete it but it will take a lot more time.

A part of me wants to complete it and provide a summary.

Stay tuned. 

Positions: None

SOURCE: TipRanks

Earnings After Close 10/07/2026 

Earnings Before the Open 10/08/2026

I plan to reshoot into  a rally.

Positions: None

At 11:36 AM:

Position: None

– NYSE volume 7% below its one-month average; 

– Nasdaq volume 13% below its one-month average

– VIX index: up 4.53% to 15.69

Breadth

SOURCE: Interactive Brokers

S&P500 Indexes

SOURCE: Barchart

% GAINERS, DECLINERS

SOURCE: TheStreet Pro

Nasdaq 100 and S&P500 Heat Maps

SOURCE TheFly

I moved from medium- to small-sized just now on the indexes:

*SPY $774.44

* QQQ $752.28

Positions: Short SPY s QQQ s

I have covered no shorts today!

Positions: None

Chart, which is from Interactive Brokers, is from 9:34 a.m. ET:

Source: TheStreet Pro

Source: TipRanks

Source: TipRanks

Upside

– LPCN +40% (Health Canada approves TLANDO for testosterone replacement therapy)

– APUS +9.4% (extends a high-volume rally tied to the BlockAssure agreement to build and operate the AssureChain insurance network)

– PENG +4.3% (Q4 beat and FY27 sales and EPS outlook topped prior guidance and Street expectations on accelerating AI-infrastructure demand)

– CNQ +1.6%, APA +1.2%, OXY +1.0%, COP +1.0% (oil producers rise as crude climbs back above $100 a barrel)

Downside

– CRBU -42% (launches a strategic-alternatives review, discontinues two allogeneic CAR-T programs and plans substantial workforce reductions)

– BULL -30% (bipartisan House panel report says structural China ties pose national-security and US-user-data risks)

– STM -5.4%, TER -3.0%, ASML -3.0%, AMAT -2.7%, LRCX -3.0%, MU -2.8% (chip stocks fall in the risk-off technology tape as oil-driven inflation concerns pressure rate-sensitive growth shares)

– BMNR -5.0%, CRCL -4.0%, MSTR -3.8%, COIN -3.1%, HOOD -3.0% (crypto-linked stocks fall as digital-asset prices weaken)

– AAOI -4.8%, CIEN -3.8%, MTSI -3.0%, COHR -3.2%, GLW -3.3% (AI-networking and optical winners pull back after sharp recent rallies as technology exposure is reduced)

– DB -4.7%, SAN -4.2%, HSBC -3.9%, NWG -3.5%, BCS -3.3% (European-bank ADRs fall as oil-driven inflation and sovereign-bond stress deepen fiscal concerns, with UK lenders also facing budget-tax fears)

– STZ -3.9% (quarter beat, but adjusted FY guidance was merely reiterated and beer depletions declined)

– BE -3.8%, CEG -3.5%, EME -1.9% (AI-power and data-center infrastructure winners give back part of recent gains amid the broader risk-off rotation)

The IRS proclamation that they will looking at 280E guidelines (earlier this week) and the DEA info below seem to be concrete signposts that rescheduling of adult-use cannabis is very likely over the near term:

DEA Launches New Registration Forms For Medical Marijuana Manufacturers, Distributors And Testing Labs – Marijuana Moment

I added to MSOS, GLAS and GTBIF yesterday.

Positions: MSOS common VL calls S GLAS S GTBIF S

 *  And second level thinking…

Positions: None.

Wolf Street howls about the drop in home listing prices. 

Home Sellers Grapple with Reality: Listing Prices Drop in Florida, California, Texas, and Suddenly even in New York | Wolf Street

Position: None 

I am in route to NYC to take a family member to have a checkup after surgery.

I will be operating on a laptop today so my posts will be shorter and less frequent.

Position: None

The S&P Short Range Oscillator remains in a (less) oversold state at -3.86% vs. -4.56%.

I am medium short SPY currently.

Position: Short SPY (M)