R2K Faces 161.8% Fib-Extension Resistance – Repercussions For Non-Commercials Plus IWM/IJR Longs

posted in: Derivatives, Equities, Technicals | 0

Helped along by massive short squeeze and healthy flows into ETFs, small-caps have broken out to 161.8-percent Fibonacci-extension resistance. Most recently, the Russell 2000 small cap index bottomed on August 18, and has gone on to rally 12-plus-percent since.  In … Continued

Having Failed In Feb And Apr, Russell 2000 Attempts Another Range Breakout – Flows Not Cooperating

posted in: Derivatives, Equities, Technicals | 0

Third time is a charm for small-caps? Having tried – and failed – twice to break out of a months-long range, the Russell 2000 small cap index went for a third one last week.  Odds favor it meets with the … Continued

Public Embraces Stock Rally – Will Crazy Get Crazier?

posted in: Credit, Economy, Equities | 0

ETF.com carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May.  Year-to-May, a total of $203.8 billion came in.  International equity ETFs made it big, as seven of the top 10 belonged … Continued

Small-Cap Bulls Defend Support Again, Staring At Tons Of Resistance Above

posted in: Equities, Technicals | 0

Determined not to let go of nearly four-month support, small-cap bulls once again stepped up to the plate Monday. From down 1.4 percent intraday to close the session up 0.2 percent, the Russell 2000 small cap index initially got pushed … Continued

Russell 2000 At Bottom End Of Range – Likely Gives Way

Did U.S. small-caps lead or lag in the past four months?  Depends on the timeframe. Post-November 8 election through the March 1 all-time high, the Russell 2000 small cap index rallied 18.4 percent.  Year-to-date through that record high, it tacked … Continued

Flatter Yield Curve Makes Fed’s Job Harder – Rally In Financials In Limbo

Ten-year Treasury yields are not going along with the Fed’s tightening posture.  This could be because of a technical reason or yields could be sending an ominous message. Yields reached a historic low 1.34 percent last July, and have been … Continued

XLE’s Path Of Least Resistance Down — At Least Near Term

Since spot West Texas Intermediate crude bottomed intra-day at $26.05/barrel on February 11th and began to rally, resistance points have fallen one after another.  First went $34-$35, then $40, followed by $42-$43 and then $47-$48 (Chart 1), rallying past both … Continued

Spot Gold Looks Tired – GLD Weekly Naked Call For Premium

In the latest week, non-commercials cut net longs in gold futures by three percent period-over-period to 169,512 contracts.  This was the first weekly reduction in eight weeks (Chart 1).  The prior week’s holdings were the highest since February 3rd last … Continued

1 2 3