Ten-year Treasury yields rallied last week to right underneath the top end of a three-decade-old channel. A breakout has to wait for now. The 13-basis-point jump last week was big, and probably took many by surprise. At one point, yields … Continued
Following futures positions of non-commercials are as of December 19, 2017. 10-year note: Currently net short 44.2k, down 89k. Is the big one around the corner? The big breakout, that is? Ten-year Treasury yields, at one point at 2.5 percent, … Continued
Following futures positions of non-commercials are as of December 12, 2017. 10-year note: Currently net long 44.7k, up 30.4k. The Fed and the Administration are not on the same page when it comes to expected growth in the U.S. economy. … Continued
Here is a brief review of period-over-period change in short interest in the November 16-30 period in nine S&P 500 sectors. XLB (SPDR materials ETF) In a shooting star session on December 4, XLB (59.51) rose to a new all-time … Continued
Last Wednesday, TLT (iShares 20+ year Treasury bond ETF) got rejected at the underside of a broken trend line from March this year. The intraday high of 128.23 in that session was hit well outside the daily upper Bollinger band. … Continued
QQQ (PowerShares QQQ Nasdaq ETF) finds itself at an interesting juncture. The ETF (153.50) peaked at 156.69 seven sessions ago, before coming under heavy selling pressure in two separate sessions (Chart 1). The bulls nonetheless are putting their foot down, … Continued
Unless momentum changes swiftly, the tech-dominated Nasdaq 100 index once again is beginning to lag, creating opportunities for nimble traders. The Nasdaq 100 has come a long way. It is up nearly 29 percent this year – much more than … Continued
Following futures positions of non-commercials are as of Nov 28, 2017. 10-year note: Currently net long 123.9k, up 12.9k. The U.S. economy is in its ninth year of recovery. Post-Great Recession, real GDP has grown at an average 2.2 percent. … Continued
XLV (SPDR health care sector ETF) made a move this week. After facing resistance at the 50-day for several sessions, it bolted past that average Tuesday. Wednesday added another 0.5 percent, but the session was also unable to hang on … Continued
Major U.S. stock indices rallied to fresh new highs last week. Even small-caps, which until recently had been lagging their large-cap brethren, joined the party. With seasonality in their favor, will the bulls be able to build on this or … Continued