AAPL as a stock is back in the game. From its $677 mid-September 2012 all-time high to the mid-April 2013 low of $374 to last week’s high of $644, it has nearly done a round trip. Recent sell-side commentary has … Continued
The euro experienced a rather sharp downward move in May. In the currency world, the two-and-a-half-percent decline (from early in the month until the trough two sessions ago) in a span of 15 sessions is big. When FXE began to … Continued
Non-commercial futures traders’ bet in recent weeks on a declining VIX was spot-on. Toward the middle of March, these large speculators were net short a mere 1k contracts. VIX (spot) was around 15 at the time. Technically, there was room … Continued
As 2014 began, growth expectations were very high for the U.S. economy. In fact, every year since the recession ended mid-2009, economists’ GDP forecasts have been on the optimistic side, only to be progressively cut back as the year progresses. … Continued
Unlike in the past when equities have shown a strong correlation with each other, increasingly they are marching to the tunes of different drummers. Consider the DJI. It has flat-lined for five months now, and it feels like it is … Continued
After having flashed decent enough of a signal last week that volatility was ready to move lower – hence higher odds of higher equity prices – the VIX has indeed pulled back. Equities are rallying; volume could be better, but … Continued
Going by action on the S&P 500, Russell 2000 and Nasdaq 100, non-commercial futures traders have been gradually cutting back on their net longs for a year now, but they are yet to get aggressive in raising their short bets. … Continued
It increasingly looks like the market wants to move higher – at least in the near-term. The past several days, it has been choppy, a lot of back-and-forth, marked by dojis (on a chart). Today was no exception – opens … Continued