In the latest reporting period, there was a big drop in short interest on IWM, the iShares Russell 2000 ETF. It dropped 10.1 percent period-over-period to 118 million shares – the lowest since the middle of August. Shorts had been … Continued
2134.72. That is the all-time record the S&P 500 Index (1948.86) notched on May 20. It is possible in the annals of stock market history this high will be viewed with the same level of trepidation/respect as 1553.11 (March 2000 … Continued
An options trade may be brewing on IWM, the iShares Russell 2000 ETF. In the July 15-31 period, shorts’ bearish bet on IWM paid off. Short interest went up nearly five percent during the period. The ETF fell 2.1 percent, … Continued
Small-caps were big laggards last week. IWM, the iShares Russell 2000 ETF, lost 2.5 percent, versus drops of 1.3 percent for the S&P 500 Index, 1.8 percent for the Dow Industrials and 1.7 percent for the Nasdaq Composite, among others. … Continued
U.S. small-caps have been through a lot in recent months. Chart 1 says it all. Will that change following Tuesday’s huge reversal? Since the Russell 2000 Index (1224.6) broke the mid-October 2014 trend line toward the end of April, it … Continued
Of late, volatility has been volatile. In the past month, VIX, the S&P 500 Volatility Index, has done a complete round trip – surging 68 percent in 11 sessions and then giving it all back in the next eight. As … Continued
If there has been one common thread shared by major U.S. indices before the rout this Monday, it is this: the sell-off preceded a trendline break. Back in the middle of October last year, as the S&P 500 Index was … Continued
Major U.S. indices have lost October 2014 trendline Other medium- to longer-term trendlines and support zones are intact Since trendline break is not in isolation, rather across indices, worth paying attention to Five weeks ago, the S&P 500 Index (2094.11) … Continued
The PowerShares QQQ (110.05), the ETF that tracks the Nasdaq 100, seems to want to go lower, at least near-term. When the Qs broke out of 104-plus in February, it quickly added nearly four percent, rallying seven-plus percent for the … Continued
IWM breaks out of 11-month range early Feb, but momentum slipping; loses Oct 14 trendline Short interest building from low level; large specs adding to net shorts in recent weeks Credit call spread to take advantage of probable sideways/down move … Continued