Here is a brief review of period-over-period change in short interest in the January 1-12, 2018 period in nine S&P 500 sectors. XLB (SPDR materials ETF) On the 16th this month, XLB (63.39) rose to 63.66 intraday but only to … Continued
Driven by tax-cut optimism and favorable seasonality, trader/investor sentiment is giddy, but small-caps are not getting their fair share. The latest Investors Intelligence numbers will be out later today, but as of last week, bulls have been 60 percent or … Continued
Following futures positions of non-commercials are as of Oct 31, 2017. 10-year note: Currently net long 2.7k, down 150.9k. So Jerome Powell, current Fed governor, it is – the next chair. He is supposedly a dove – along the lines … Continued
Investor sentiment continues to remain exuberant even as, for the first time in a while, there is a chink in the S&P 500’s armor. Investors Intelligence bulls this week jumped 2.3 points week-over-week to 62.3 percent. This was a third … Continued
XLB (SPDR materials ETF) XLB (58.96) is up 3.8 percent month-to-date, and is on pace to rally 12 straight months, with short squeeze helping. In this context, Monday’s reversal candle just outside the daily upper Bollinger band may or may … Continued
Last week’s mini sell-off in U.S. equities did not materialize all of a sudden. This was building for a while. The Russell 2000 small-cap index in particular peaked as early as July 25. Investors/traders in general gravitate toward small-caps when … Continued
The Nasdaq 100 is making the headlines – for the wrong reasons. Early in the year, it started to outperform its major U.S. peers. Now it is lagging – massively. June-to-date, the index is down two percent. In contrast, the … Continued
Here is a brief review of period-over-period change in short interest in the May 16-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq The uptrend in short interest since the mid-January low this … Continued
ITB, the iShares U.S. home construction ETF, has posted seven straight positive months. The rally began last November – post-election. Momentum is not broken, but is not in acceleration either. May was essentially unchanged – up 0.25 percent – with … Continued
U.S. financials are acting lethargic but they have so far managed to cling on to potentially crucial support. Post-presidential election last November, a fire was lit under U.S. financials. Intraday between November 9 and March 2, XLF, the SPDR financial … Continued