Small-caps continue to lag their larger brethren RUT sitting on three-month resistance, breakout could be crucial Breakout not probable as bulls have already used up plenty of energy past five weeks Enough ink has been spilled over the issue of … Continued
Gold continues to show improved price/volume action Not-so-good news on Swiss vote probably overcome by Dutch repatriation news Trend-following hedge funds added to net longs in gold futures, by both raising longs and cutting shorts As suggested a week ago … Continued
VIX:VXV itching to move higher, which could put stocks under pressure VIX suggests calm, but SKEW points to institutions buying tail-risk protection Put-to-call ratios have had extreme readings past several sessions on both CBOE, ISE The S&P 500 Large Cap … Continued
Improvement in gold’s price action in recent sessions Key will be if non-commercials begin to add to net long gold futures Looks to be bottoming, but still tentative; short GLD puts safe way to go for now Gold ($1,187.9) is … Continued
Amidst relentless rally, excessively bullish dollar sentiment R between U.S. exports and dollar weak, but continual strength can hurt exports Previously, recession has tagged along with persistent drop in ‘share of U.S. exports in nominal GDP’ Since it bottomed early … Continued
For second week running, hedge funds stayed net long VIX futures Three times since 2009 when this has happened, equities have gone on to rally Ideal scenario: SPX goes lower and successfully tests 1900, just in time for year-end rally … Continued
VIX looks to be setting up to move higher near-term Medium-term technicals halfway through unwinding overbought conditions Long-term, potentially saucer bottom in making, could be headed a lot higher in months to come Last Friday, even as all the major … Continued
Spot VIX has had topsy-turvy ride this month First time in three years, hedge funds went net long VIX futures last week On three other occasions past five years, this preceded lower VIX in outer weeks/months The VIX has done … Continued
James Bullard’s recent dovish comments fail to ignite interest in gold Possibility of triple-bottom reversal, but needs confirmation With recent thrust waning, near-term bias is down Since its peak in September 2011 at $1,924/ounce, gold has been trapped in a … Continued
In wake of early September breakout, U.S. dollar in limbo Too soon to say if breakout is reversal or continuation of prior downward trend Sentiment too bullish, reflected in large speculators’ futures position, raising odds of mean reversion The U.S. … Continued