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
On Monday while discussing the dynamics between the dollar and U.S. trade/current account balances, one of the charts did not use the latest data. Due to the holiday last week, the CFTC reported this week futures positions ended the 23rd … 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
After impressive two-day advance, Russell 2000 on verge of bullish golden cross Potential unwinding of VIX surge of early this week to act as tailwind for stocks In the end, rally nothing but gift for patient bears to short from … Continued
Gold fails to generate enough buying interest near important support levels Despite oodles of central-bank printing, inflation remains a no-show 1,180 next line of sand, which is not too far away; must-hold Remember the chart below? This was from Monday … Continued
Sellers take advantage of early-morning strength to sell more stocks Amidst this, transports, high-yields draw buyers; panic noticed in VIX:VXV action Trade could be developing, but given developments in energy space, sustained rally not probable Another ugly day! Could have … Continued
Soft fundamentals, but gold continues to hold up well Large speculators added further to their net longs in gold futures Overbought near-term, but potential weakness likely gets bought near support Trend followers do what they do best. Large speculators are … Continued
U.S. stocks quickly shake off China- and Greece-induced worries Can bulls use the reversal as opportunity to mount a breakout on Russell 2000? Several technical indicators have room to move higher still before they get overbought Whoa! Some reversal that … Continued
Laggards since March, small-caps continue to fall behind large-caps With increasing signs of distribution, RUT, IWM face technical hurdles More pressure ahead if/when non-commercials start adding to net shorts Since end-September, large speculators have drastically cut back on their net … Continued
Inability of offensives to take the lead has been a thorn in the side of rally since Oct 15th low Outperformance last week of XLY vs. XLP and HYG vs. LQD sign of trend change? Duel on between seasonally favorable … Continued