Small-caps relative outperformer past several weeks Hard to make fundamental case, but technically RUT acts very well Ideal, and probable, scenario: RUT pulls back for successful retest of recent breakout There is something very interesting going on in the small-cap … Continued
The following are futures positions of non-commercials as of March 17, 2015. Change is week-over-week. 10-year note: What a week! In four out of the five sessions, the 10-year yield fell – down 18 basis points for the week. On … Continued
Bulls have consistently climbed wall of worry, that is, elevated short interest Past 3 months, Naz/NYSE short interest sideways, shorts giving up? Hedgopia Risk Reward Index pokes head out of reward zone Post-FOMC, Wednesday sure felt like a session in … Continued
Different messages coming out of two financial ETFs – KBE vs. XLF KBE similar to KRE, regional bank ETF, while XLF is large cap-dominated C&I loans have been growing nicely, but so is inventories-to-sales ratio, muddying picture How did U.S. … Continued
The following are futures positions of non-commercials as of March 10. Change is week-over-week. 10-year note: 10-year yields shed another 13 basis points in the week. Nonetheless, note owners continued to sell near 2.04 percent. And these traders, in agreement, … Continued
AAPL set to join Dow brings out ‘this is top’ talk Historically, tough to argue Dow inclusion ensures top If AAPL peaks, it will be for other business-related reasons AAPL (127.14) is slated to replace T in the Dow Jones … Continued
The following are futures positions of non-commercials as of March 3. Change is week-over-week. 10-year note: They continued to add to net shorts, and it has so far backfired. Post-jobs report Friday, the 10-year yield shot up 13 basis points. … Continued
Equity bulls seek to justify why Nasdaq of 2015 is not as bubbly as was Nasdaq of 2000 Bubble elsewhere – in VC, in biotech, and most importantly, in easy money Excesses driven by ‘this time is different’ psychology never … Continued
March starts off by notching new highs for most U.S. indices Giddy investor sentiment – from pros to newsletters to individuals If past is guide, it pays to pull in horns when crowd becomes worry-free Uh-oh! The Nasdaq composite on … Continued
Stagnant wages thorn in U.S. recovery’s side WMT, TJX, AET, SBUX, GAP have announced plans to hike wages Be careful what we wish for, given elevated valuation and risk of margin compression? One of the things that have been a … Continued