There was a massive drop in money-market assets last week. This is a potential green shoot should this continue, although bulls could not quite cash in on it last week. The mother of all potential green shoots – foreigners – … Continued
Following futures positions of non-commercials are as of April 16, 2019. 10-year note: Currently net short 275.7k, up 14.1k. The support-turned-resistance at 2.62 percent was tested – unsuccessfully – Wednesday when the 10-year yield (2.56 percent) rallied to 2.61 percent. … Continued
Here is a brief review of period-over-period change in short interest in the Mar 16-29 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) In October last year, XLB (57.42) lost support just north of 56, which then repeatedly … Continued
Following futures positions of non-commercials are as of April 2, 2019. 10-year note: Currently net short 224.2k, up 57.7k. The 10-year Treasury rate (2.5 percent) rallied nine basis points this week. Support around the intraday low of 2.36 percent eight … Continued
Following futures positions of non-commercials are as of March 19, 2019. 10-year note: Currently net short 164k, down 12.5k. The Fed Wednesday held interest rates steady at 225-250 basis points. This was expected. What was not expected was the dovish … Continued
US stocks took it on the chin last week. Large-caps held up better, but risk aversion was seen elsewhere. The Dow Industrials was essentially unchanged, and the S&P 500 large cap index lost one percent. The tech-heavy Nasdaq 100 index … Continued
Following futures positions of non-commercials are as of October 2, 2018. 10-year note: Currently net short 740.2k, down 16.1k. Kudos to non-commercials for having doggedly remained bearish on 10-year Treasury notes. They reaped a bumper crop this week. In September … Continued
The 3Q18 earnings season begins in earnest next week. Small-caps have sold off big into this (more on this here), but not large-caps. The Dow Industrials Wednesday rose to a fresh high, although the session produced a candle with a … Continued
IWM is breaking down, losing one after another support. Amidst this, the daily is grossly oversold. A bounce can happen – or not. This perhaps creates an opportunity for a non-directional trade involving options. Small-caps are taking it on the … Continued
Here is a brief review of period-over-period change in short interest in the September 4-14 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (59.40) short interest is at an eight-month high. On September 20, the ETF was … Continued