Amidst persistent volatility suppression, rays of hope are emerging for volatility bulls. From their perspective, spot VIX is showing some encouraging action. VIX remains oversold on nearly all timeframe. It has remained that way for a while. In less than … Continued
Post-presidential election last November, U.S. small-caps sprung to life, going nearly parabolic in two separate spurts. President Trump’s promises to cut taxes, prune regulations and increase infrastructure spending helped improve investor sentiment. Small-caps inherently are domestically focused. The first rally … Continued
Following futures positions of non-commercials are as of Oct 10, 2017. 10-year note: Currently net long 192.6k, down 39.6k. Market participants constantly rerate expectations. They have to. The related variables are dynamic and constantly changing themselves. The nimble ones are … Continued
This week, Investors Intelligence bulls registered 60.4 percent. This was the highest since the week ended March 1 this year. Bears were 15.1 percent – the lowest since the week ended May 26, 2015. Particularly post-presidential election last November, investor … Continued
Here is a brief review of period-over-period change in short interest in the September 16-29 period in nine S&P 500 sectors. XLB (SPDR materials ETF) The last time XLB (57.93) had a down month was October last year. Month-to-date, it … Continued
Helped along by massive short squeeze and healthy flows into ETFs, small-caps have broken out to 161.8-percent Fibonacci-extension resistance. Most recently, the Russell 2000 small cap index bottomed on August 18, and has gone on to rally 12-plus-percent since. In … Continued
Following futures positions of non-commercials are as of Oct 3, 2017. 10-year note: Currently net long 232.2k, down 24.5k. December looks like a lock. The odds in the futures market of a 25-basis-point hike in the 12-13th meeting that month … Continued
There is a new-found spring in U.S. small-caps’ step. What changed all of a sudden? More importantly, are there ingredients in place for the rally to sustain itself? The Russell 2000 small cap index just broke out. It has been … Continued
Following futures positions of non-commercials are as of Sep 26, 2017. 10-year note: Currently net long 256.6k, down 13.5k. The Treasury yield curve widened this week. The spread between 10- and two-year notes went from 78 basis points on Monday … Continued
Here is a brief review of period-over-period change in short interest in the September 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Since reaching an all-time high of 6477.77 in a spinning … Continued