Semi rout after months of decline in orders for business capX proxy From INTC to TSM to SNDK, semi heavyweights pointing out biz slowdown SMH shorts stand no chance until longs are bothered by worsening earnings scene It is not … Continued
Small-caps relative outperformer past several weeks Hard to make fundamental case, but technically RUT acts very well Ideal, and probable, scenario: RUT pulls back for successful retest of recent breakout There is something very interesting going on in the small-cap … Continued
The following are futures positions of non-commercials as of March 17, 2015. Change is week-over-week. 10-year note: What a week! In four out of the five sessions, the 10-year yield fell – down 18 basis points for the week. On … Continued
Different messages coming out of two financial ETFs – KBE vs. XLF KBE similar to KRE, regional bank ETF, while XLF is large cap-dominated C&I loans have been growing nicely, but so is inventories-to-sales ratio, muddying picture How did U.S. … Continued
Dollar index signaling it is ready to at least pause? Stronger $ will adversely impact both exports and earnings Fed can ill afford to send hawkish signal post-FOMC on Wednesday Over the past three sessions, this is how the U.S. … Continued
The following are futures positions of non-commercials as of March 10. Change is week-over-week. 10-year note: 10-year yields shed another 13 basis points in the week. Nonetheless, note owners continued to sell near 2.04 percent. And these traders, in agreement, … Continued
U.S. bond market and Fed lock horns as relates to trajectory of short rates Fed continues to drop hints it is ready to lift rates off near-zero levels Should that come to pass, it has potential to help vigilantes’ case … Continued
The following are futures positions of non-commercials as of March 3. Change is week-over-week. 10-year note: They continued to add to net shorts, and it has so far backfired. Post-jobs report Friday, the 10-year yield shot up 13 basis points. … Continued
’15 growth in revenue/earnings expected to decelerate for most S&P 500 sectors Signal from options market points to probable pressure ahead for equities S&P 500 looks set to at least test if recent breakout was genuine At first glance, U.S. … Continued
The following are futures positions of non-commercials as of February 24 (Tuesday). Change is week-over-week. 10-year note: Non-commercials are doing it again. They increased net shorts by 63 percent in the latest reporting period. Turns out they picked a wrong … Continued