Both the S&P 500 and VIX closed lower last week. This occurred even as the major US equity indices are at/near decent/major support. Right here and now, odds favor the bulls than the bears. Last week, both the VIX index … Continued
Following futures positions of non-commercials are as of October 24, 2023. 10-year note: Currently net short 563.4k, down 147.4k. The FOMC meets next week. After this, there is only one scheduled meeting left this year – on December 12-13. The … Continued
In a week in which several tech behemoths reported their September quarter, the Nasdaq 100 is down 3.1 percent through Thursday, falling out of a descending channel. But tech bulls have dual support just underneath – Fibonacci and moving average. … Continued