Amidst Rout In Stocks, Things/Levels To Watch For Signs Of Stability

posted in: Credit, Derivatives, Equities, Technicals | 0

Risk happens fast.  All of a sudden, no one is buying the dip.  Rather, the quest for protection has skyrocketed. In mere six sessions, VIX went from 11.08 to 38.80, closing Monday at 37.32.  This was the highest since August … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of January 30, 2018. 10-year note: Currently net short 215.6k, up 97.7k. Last week, the futures-market odds of a 25-basis-point hike in the March (20-21) meeting in the fed funds rate stood at … Continued

Gold Has Momentum, Currently Faces Confluence Of Resistance

Spot gold ($1,352.10/ounce) sits at a crucial technical juncture.  A breakout would send a loud and clear message. Since bottoming at $1,045.40 in December 2015 through last week’s high of $1,365.40, gold quietly rallied nearly 31 percent.  Stocks did better … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of January 23, 2018. 10-year note: Currently net short 117.9k, up 28.6k. Tuesday, a two-day FOMC meeting begins.  This is the year’s first, and will be Janet Yellen’s, the outgoing chair, last.  (The … Continued

Long And Short Of Short Interest

posted in: Equities, Technicals | 0

Here is a brief review of period-over-period change in short interest in the January 1-12, 2018 period in nine S&P 500 sectors. XLB (SPDR materials ETF) On the 16th this month, XLB (63.39) rose to 63.66 intraday but only to … Continued

XHB, ITB At/Near Fresh Highs – Tend To Track Builder Sentiment, Hence Worth Watching

posted in: Economy, Equities, Technicals | 0

Homebuilder-focused ETF’s are at/near record highs.  Momentum is intact, but builder sentiment – also at multi-year highs – is worth watching. Homebuilding stocks are on fire. XHB (SPDR S&P homebuilders ETF) is already up 5.6 percent for the year.  Monday, … Continued

WTI Crude Looks Tired – Trade Brewing In XLE

Spot West Texas Intermediate crude, up 54-plus percent since last June alone, is giving out signs of fatigue. Non-commercials have been on the right side of this trade.  As they usually are.  These traders follow the trend, and the trend … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of January 16, 2018. 10-year note: Currently net short 89.3k, down 107.6k. A Bloomberg article last week about China beginning to weigh slowing or halting purchases of U.S. Treasurys gave the bond market … Continued

Post-Tax Cuts, Sell Side Rushes To Revise Up ’18 Earnings Estimates – P2S Ratio In Uncharted Territory

posted in: Equities | 0

The sell side is on the move. We just got the first taste of how bottom-up analysts view the recently passed tax cuts will impact corporate earnings. Last Friday, operating earnings estimates for S&P 500 companies were revised higher by … Continued

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