The following are futures positions of non-commercials as of January 6th (Tuesday). Dollar and ten-year notes jump out the most. 10-year note: Substantial net shorts have been built up. In the prior week, large speculators were most short since mid-May … Continued
Wall Street is full of maxims such as “As goes January, so goes the year” Not prudent to be solely basing one’s investing decisions on adages An up January substantially raises odds of year ending in green “As goes January, … Continued
Russell 2000 suffers false breakout before retreating quickly Hedge funds not showing much interest in going net long RUT futures With 200DMA one percent away, small-cap bulls have opportunity to put foot down The Russell 2000 Small Cap Index is … Continued
Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
Business Insider this morning ran a small piece discussing Goldman Sachs’ euphoric sentiment indicator. Goldman chief equity strategist David Kostin writes: “Our Sentiment Indicator currently stands at a maximum possible reading of 100, suggesting the S&P 500 has near-term downside … Continued
“Markets can remain irrational longer than you can remain solvent” Message from several technical indicators not uniformly bearish, but leans that way Time to be contrarian? NAAIM members’ exposure to U.S. stocks at 96, vs under 10 mid-October If U.S. … Continued
NYSE margin debt only increased $3.3bn in November. The S&P 500 rose 2.5 percent in the month. Except for brief ups and downs toward the middle of 2014, margin debt has essentially gone sideways for the first 11 months last … Continued
With massive inflows just last week, stocks need another to stay afloat With at least three important events on calendar, Jan can throw wrench in the works With stocks holding up amidst signs of preference for risk-off; opportunity to sell … Continued
Otherwise sleepy utilities outrun S&P 500 large-caps by wide margin this year Valuations stretched, but XLU’s dividend yields compare favorably to 30-year yields With signs of crowded trade, worth waiting on XLU, as path of least resistance lower near-term Utilities … Continued
Yesterday came news that U.S.-based funds attracted $36.5bn in stock inflows in the week ended December 24 (courtesy of Thomson Reuters Lipper Service). Some thoughts on this: 1. The inflows are simply massive. There is no other way to describe it. … Continued