XLY Bulls Deny Completion Of Double Top – Comparatively, RCD Fares Poorly

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

XLY (SPDR consumer discretionary ETF) saves a potential breakdown – for now, and just in time. On June 5 this year, XLY (89.36) rallied to 92.14, before retreating.  Seven weeks later, on July 27, it rallied to 92.55, only to … Continued

Another Relief Rally Likely — Equally Likely Shorts Show Up At Resistance

posted in: Derivatives, Equities, Technicals | 0

From the all-time high of 2490.87 on August 8 through last Friday’s intraday low of 2420.69, the S&P 500 large cap index shed 2.8 percent.  Not much in a big scheme of things.  It is still up 8.3 percent this … Continued

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

Following futures positions of non-commercials are as of Aug 15, 2017. 10-year note: Currently net long 200.6k, down 29.2k. The annual Jackson Hole economic policy symposium – slated for August 24-26 this year – is known for its news-making potential. … Continued

US Dollar Index Chirping – Will Last if Non-Commercials Jump Onboard

posted in: Currency, Derivatives, Technicals | 0

The US dollar index (93.44) of late is showing some nice price action.  Will it be enough to lead non-commercials to begin to accumulate net longs in US dollar index futures? A sustained rally can reverberate through a whole host … Continued

Relief Rally Possible Near Term, As VIX Unwinds Overbought Condition

posted in: Economy, Equities, Technicals | 0

Last week’s mini sell-off in U.S. equities did not materialize all of a sudden.  This was building for a while. The Russell 2000 small-cap index in particular peaked as early as July 25. Investors/traders in general gravitate toward small-caps when … Continued

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

Following futures positions of non-commercials are as of Aug 8, 2017. 10-year note: Currently net long 229.8k, up 19k. In the past several months, several Fed officials, including Chair Janet Yellen, have expressed concern over persistently rising stock-market valuations. Using … Continued

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

Following futures positions of non-commercials are as of Aug 1, 2017. 10-year note: Currently net long 210.9k, down 69.8k. So far this year, there have been two rate hikes – and four altogether since the Fed started raising in December … Continued

Russell 2000 Loses Feb ’16 Trend line – Albeit Slightly – Potentially Important Development

posted in: Derivatives, Equities, Technicals | 0

The Russell 2000 small cap index is dangerously close to breaking down.  On Wednesday, it violated a rising trend line from February last year – albeit only slightly. Of the four major indices, the Russell 2000 is the first to … Continued

With Handsome Gains YTD, Major U.S. Indices Give Out Signs Of Fatigue

posted in: Economy, Equities, Technicals | 0

Amidst 2Q17 earnings and elevated multiples, some signs of fatigue are showing up on major U.S. indices. As of last Thursday, 2Q17 operating earnings of S&P 500 companies were on course for $30.70.  In the year-ago quarter, they were $25.70 … Continued

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

Following futures positions of non-commercials are as of July 25, 2017. 10-year note: Currently net long 280.7k, down 1.6k. After seven years of keeping the fed funds rate between zero and 25 basis points, the Fed began to hike in … Continued

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