Here is a brief review of period-over-period change in short interest in the May 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Two weeks ago, XLB (59.33) broke out from a late-January falling trend line, but building … Continued
Post-February 9 reversal, both the Nasdaq composite and the Nasdaq 100 index went on to surpass the late January highs. Other indices such as the S&P 500 large cap index and the Dow Industrials could not match that feat. The … Continued
Once again, 10-year Treasury yields failed at the top end of a long-term channel, although can push higher near term, creating a trading opportunity in TLT. Close, but no cigar! The 10-year rate came very close to breaking out of … Continued
Following futures positions of non-commercials are as of March 6, 2018. 10-year note: Currently net short 362.2k, up 19.3k. On February 2, January’s private-sector average hourly earnings were reported, and they rose 2.89 percent year-over-year, to $26.74. This was the … Continued
Following futures positions of non-commercials are as of January 2, 2018. 10-year note: Currently net short 75.8k, down 7.8k. It is on. Doves versus hawks. At least for now. FOMC minutes for the December 12-13 meeting highlighted the growing tension … Continued
Here is a brief review of period-over-period change in short interest in the December 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (60.37) continued to grind higher all along the daily upper Bollinger band, rising to … Continued
Tactical shorts in XLF (SPDR financial sector ETF) have a decision to make. The ETF has essentially gone sideways the past couple of weeks. The bulls are staying put, having defended the 10-day moving average last Friday. Things can always … 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 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