Here is a brief review of period-over-period change in short interest in the September 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Since reaching an all-time high of 6477.77 in a spinning … Continued
After rallying 13-plus percent in a couple of months, gold has come under pressure the past couple of weeks. Non-commercials may end up deciding what happens next. Once again, the yellow metal sits at a crucial juncture. On July 10, … Continued
Following futures positions of non-commercials are as of Sep 19, 2017. 10-year note: Currently net long 270.1k, up 18.4k. Americans’ love for leverage needs no elaboration. The debt culture began in earnest in the early ’80s. Leverage remains high – … Continued
Rates are rising – probably not enough to seriously hurt sectors such as housing, but will in due course if the momentum continues. In merely nine sessions, 10-year Treasury yields have gone up by 24 basis points to 2.28 percent, … Continued
It is probably a foregone conclusion that the Fed later today leaves interest rates unchanged, and will announce a plan to gradually shrink its massive portfolio of mortgage and Treasury bonds. The question is, how would the markets react? The … Continued
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
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
Breakouts galore! Three of the four major U.S. indices – the S&P 500 large cap index, the Nasdaq composite and the Dow Industrials – this week eked out new record close. The Russell 2000 small cap index is yet to … Continued
Here is a brief review of period-over-period change in short interest in the August 16-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq After three weeks of lingering, the composite (6454.28) pushed past … Continued
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