Russell 2000 Yet To Make New High – Different Ball Game If Bulls Can Squeeze Non-Commercials

Small-caps have come alive in the past month, with the caveat that the Russell 2000 small cap index is still 1.4 percent from its all-time high of July.  The bulls’ best hope near term: squeeze non-commercials. Post-U.S. presidential election last … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Sep 12, 2017. 10-year note: Currently net long 251.7k, up 29.9k. The FOMC’s two-day meeting begins Tuesday.  A press conference by Janet Yellen, Fed chair, is scheduled for Wednesday.  After this, there … Continued

XLF Likely Faces Selling Pressure If Rallies To Broken Support

posted in: Economy, Equities, Technicals | 0

With XLF (SPDR financial ETF) short interest near a multi-month low and the Treasury yield curve continuing to come under pressure, U.S. financials are acting weak, even breaking down. Back in March this year, XLF unsuccessfully tested the prior high … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Sep 5, 2017. 10-year note: Currently net long 221.8k, down 61.9k. Last week, 2Q17 real GDP growth was revised higher to three percent – much better than the post-Great Recession average of … Continued

Amidst Subdued Capex Scene, Nasdaq 100 Scores Yet Another High Last Fri

posted in: Economy, Equities, Technicals | 0

The tech-heavy Nasdaq 100 index is doing very well so far this year – up 22.4 percent.  This compares with a rise of 10.3 percent for the Dow Industrials, 10.1 percent for the S&P 500 large cap index, and a … Continued

S&P 500 Refuses To Buckle Under, But Sentiment Complacent Near Term

posted in: Derivatives, Equities, Technicals | 0

U.S. equity bulls regained momentum last week, but this also put near-term sentiment at/near complacency. Since rising to an all-time high of 2490.87 on August 8, the S&P 500 large cap index was bound by a falling trend line (Chart … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of Aug 29, 2017. 10-year note: Currently net long 283.7k, up 22.5k. Hurricane Harvey may have given the Fed an excuse not to hike come December.  At least that is how markets are … Continued

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