Heavyweights MSFT And AAPL Last Week Rallied To New Highs But Only To Then Reverse Lower – Potentially Ominous Ahead Of Earnings

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Several leading stocks such as MSFT and AAPL posted new highs last week and then reversed lower. This took place just ahead of 2Q earnings results and indices such as the Nasdaq 100 and the S&P 500 have had massive … Continued

4 Of Top 5 US Stocks Set To Report This Week, July Is Shaping Up As Potentially Bearish Shooting Star On Nasdaq 100

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Tech stocks rallied massively in the past four months, with the leaders outpacing the soldiers by a wide margin.  Last week, post-earnings reaction to several tech stocks including MSFT indicated a ‘sell the news’ phenomenon.  This week, four of the … Continued

Nasdaq 100 Defends 50DMA But Unconvincingly, Bulls Can’t Afford Weekly Chart To Take Over

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The top five in the Nasdaq 100 are done reporting 2Q.  They have had their post-earnings reaction – mostly positive.  This is occurring even as the index just got repelled at six-month channel resistance.  If bulls do not put their … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 17, 2016.  Change is week-over-week. 10-year note: More jawboning this week! Last week, three regional bank presidents – Eric Rosengren (Boston), Loretta Mester (Cleveland), and Esther George (Kansas City) – … Continued

S&P 500 Index: 200-DMA Path Of Least Resistance?

A week ago last Friday, U.S. stocks opened lower reacting to less-than-expected rise in April’s non-farm payroll.  As the session progressed, bids showed up, as traders began to price in lesser odds of a rate hike in June. Turns out … Continued

CoT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 10, 2016.  Change is week-over-week. 10-year note: Three FOMC voting members were on full jawboning mode on Thursday. Eric Rosengren, Boston Fed president, said markets are underestimating the likelihood of … Continued

Time For Bulls To Put Foot Down Near-Term; Medium- To Long-Term Outlook Dire

posted in: Economy, Equities, Technicals | 0

With 2015 now in the annals of history, the message that came out can be described as mixed at best and bearish at worst. The S&P 500 index fell 0.7 percent last year – essentially flat (Chart 1).  The Nasdaq … Continued

COT: Peek Into Future Through Futures

The following are futures positions of non-commercials as of August 11, 2015.  Change is week-over-week. 10-year note: How might the renminbi devaluation impact the Fed’s desire to hike rates this year?  The devaluation is at least disinflationary as far U.S. … Continued