Is the Fed about to make a mistake? Post-FOMC meeting yesterday, the Fed’s ‘dot plot’ suggested a majority of policymakers were leaving the door open for two rate hikes in 2015. After the release of the statement, TLT, the iShares … Continued
TLT, the iShares 20+ Year Treasury Bond Fund, declined 16 percent between the all-time intra-day high of 137.09 on January 30 and the low of 115.26 last Wednesday. It is as if the bond market globally has been awakened from … Continued
U.S. home builder sentiment in June jumps, to match post-bubble high of last September Recent spike in interest rates, if sticks, potentially shot across housing bow ITB acts tentative, but has not given up on crucial 26 support U.S. home … Continued
Major U.S. indices have lost October 2014 trendline Other medium- to longer-term trendlines and support zones are intact Since trendline break is not in isolation, rather across indices, worth paying attention to Five weeks ago, the S&P 500 Index (2094.11) … Continued
The following are futures positions of non-commercials as of June 9, 2015. Change is week-over-week. 10-year note: Last week, the IMF urged the Fed to delay a rate hike until 2016. This week, the World Bank said the same thing. … Continued
From the mid-May high of $49.75 to the low this Monday of $47.46, XLP, the SPDR Consumer Staples ETF, quickly lost 4.6 percent. In three weeks! Monday produced a doji, right around its 200-day moving average. By that time, daily … Continued
From a bear call spread to now short IWM, the iShares Russell 2000 ETF, a decision time is at hand. Hypothetically on May 26th, a June 5th 125/126.50 bear call spread was opened for a credit of $0.56 (short 125 … Continued
Back on June 1st, I talked about a naked call strategy on XLY, the Consumer Discretionary SPDR ETF. To refresh, the ETF closed at 76.52 then. Weekly June 5th 76.50 calls were sold for $0.47. Last Friday, XLY closed at … Continued
There is a trade brewing on GLD, the SPDR Gold Trust ETF. First some background. Ever since gold peaked in September 2011, the metal has lost its luster. Back then, GLD had $77.7 billion in assets, becoming the ETF with … Continued
Bears point to action in transports to drive point home Bulls cite how financials are acting to prove why bears are wrong VIX remains pinned by 15, bullish (financials); VIX past 15, bearish (transports) Much ink has been spilled over … Continued