S&P 500 retraces 161.8 percent Fib extension of Oct 07-Mar 09 decline Transports not in sync with Dow/S&P 500, having broken several support levels Having spent lots of buying power of late, SPX shows signs of fatigue; pullback odds rising … Continued
It is an understatement to say that trading in Treasury bonds was volatile last week – just check out the action on various yields. From intra-day low to high, the 10-year yield swung 20 basis points, but closed out the … Continued
Not much has changed fundamentally since Twitter (TWTR) was last discussed. That was Monday last week (prior lengthy discussion here). Except President Obama has his own Twitter account now. In the past week, earnings estimates for the second and third … Continued
The following are futures positions of non-commercials as of May 12, 2015. Change is week-over-week. 10-year note: If we just focus on weekly closing prices, the 10-year yield had a lackluster week – essentially flat. Nothing could be further from … Continued
Cisco (CSCO) longs can use covered calls to generate extra income in the near-term. Traders treated the company’s FY3Q results with a big yawn yesterday. In a strong day for the general market, CSCO shares shed one percent, as an … Continued
A month ago, KBE, the SPDR S&P Bank ETF, looked on the verge of a breakout (more here). Here we are, one month later, the ETF has indeed broken out. It has the potential to be a major breakout, as … Continued
U.S. retail sales disappoint again – has not grown four out of last five months Not much correlation between gasoline price and personal consumption expenditures RTH, which had diverged from weakening retail sales, has been weakening past seven weeks U.S. … Continued
Probably too soon to go long TWTR, but not to generate income via stock options An opportunity to generate income using options in Twitter (TWTR) shares may be brewing. The stock has taken a 27-percent hit post-April 28th 1Q15 earnings, … Continued
The following are futures positions of non-commercials as of May 5, 2015. Change is week-over-week. 10-year note: It was a weird week. That is an understatement. Up until Wednesday, 10-year yields were up 20 basis points. Treasurys on the long … Continued
Since spot West Texas Intermediate crude broke out of 54 mid-April, it has continued to add to gains, even as XLE, the energy SPDR ETF, has gone sideways/down. Since that major push through four-month consolidation in the middle of April, … Continued