The following are futures positions of non-commercials as of April 19, 2016. Change is week-over-week. 10-year note: That this is even being discussed in the press and among economists is a sign of how insane things have gotten in central … Continued
Oil bulls must have breathed a heavy sigh of relief on Tuesday as crucial support held. But would the U.S. dollar poop the crude party? On its way to collapsing 76 percent since June 2014 through the February 11th low, … Continued
The following are futures positions of non-commercials as of March 8, 2016. Change is week-over-week. 10-year note: The FOMC meets next week, and it is a given. They will stand pat on interest rate, but the dot plot likely sees … Continued
In the latest reporting period, SPY, the SPDR S&P 500 ETF, shorts stayed put. In fact, at 280.4 million, short interest fell a tad period-over-period – now at a two-month low (Chart 1). Odds favor shorts are about to get … Continued
The top five weights in QQQ, the Nasdaq 100 ETF, are: Apple (AAPL), 11.4 percent; Alphabet (GOOGL, formerly Google), 9.2 percent (both A and C); Microsoft (MSFT), 8.5 percent; Amazon (AMZN), 5.8 percent; and Facebook (FB), 4.5 percent. The tech-heavy … Continued
To say that energy stocks are back in favor will be an exaggeration, but they have perked up of late. Off the January 20th intra-day low, XLE, the SPDR Energy ETF, has rallied north of 16 percent. That is in … Continued
U.S. stocks have gone 12 straight sessions without even a sliver of a bounce. About time for a reprieve? Between the December 29th intra-day high and January 15th low, the S&P 500 and Dow Industrials each lost 10.8 percent, the … Continued
Tech stocks outshone their peers last year. In a year in which indices such as the S&P 500 large-cap index and Dow Industrials were negative – down 0.7 percent and 2.2 percent, respectively – the Nasdaq composite rallied 5.7 percent … Continued
One look at the red line in Chart 1, and it is easy to see what crude oil has been through in the past year and a half. Intra-day, off the June 2014 high through last week’s sub-$35/barrel low, spot … Continued
The following are futures positions of non-commercials as of December 15, 2015. Change is week-over-week. 10-year note: Call it ‘dovish’ or ‘hawkish’, the Fed finally followed through on its first hike in nine years. The fed funds rate stayed zero-bound … Continued