Velocity of declines in equities breakneck and unsettling Worse scenario is if oversold bounce/rally gets sold hard near resistance If consumer/CEO confidence is impaired, Fed’s tool box empty to tackle weaker economy Another interesting session in the markets! Stocks picked … Continued
Gold is having a golden moment. Relatively, that is. It acts well, but given that it has rallied eight-plus percent in a month, it is probably in need of a breather near-term for its own good. The metal has had … Continued
After last week’s bloodbath in stocks, Friday brought a small consolation for small-cap investors. Maybe. During the week, IWM, the iShares Russell 2000 ETF, lost major support – which is three percent away. The 118-119 support goes back to March last … Continued
The following are futures positions of non-commercials contained in the Commitment of Traders report as of August 18, 2015. Change is week-over-week. (Please note that these holdings are as of Tuesday. The S&P 500 swooned six percent in the next … Continued
ITB, the iShares Home Construction ETF, has broken out. Support at $26 goes back to May 2013, and was defended several times during late April and early June. Since late April, ITB had also been trading within an ascending channel. … Continued
One look at Chart 1, and it is hard to notice a significant change in momentum behind the U.S. high-yield debt market. Through July, issuance totaled $188.4 billion. Annualized, 2015 is on track to issuing north of $300 billion – … Continued
Of late, volatility has been volatile. Twice in the past 15 sessions, VIX, the S&P 500 Volatility Index, has surpassed 16, only to quickly reverse to the downside, and broken below 12 three times, only to reverse to the upside. … Continued
The following are futures positions of non-commercials as of August 11, 2015. Change is week-over-week. 10-year note: How might the renminbi devaluation impact the Fed’s desire to hike rates this year? The devaluation is at least disinflationary as far U.S. … Continued
An options trade may be brewing on IWM, the iShares Russell 2000 ETF. In the July 15-31 period, shorts’ bearish bet on IWM paid off. Short interest went up nearly five percent during the period. The ETF fell 2.1 percent, … Continued
Markets are acting very fidgety. Emerging ones are no exception. On Monday, off Friday’s intra-day high, VIX, the S&P 500 Volatility Index, dropped 16-percent plus. Yesterday, at one point it was up 17-percent plus. TLT, the iShares 20+ Year Treasury … Continued