Driven by tax-cut optimism and favorable seasonality, trader/investor sentiment is giddy, but small-caps are not getting their fair share. The latest Investors Intelligence numbers will be out later today, but as of last week, bulls have been 60 percent or … Continued
Following futures positions of non-commercials are as of December 12, 2017. 10-year note: Currently net long 44.7k, up 30.4k. The Fed and the Administration are not on the same page when it comes to expected growth in the U.S. economy. … Continued
Traders are positioning for a Santa rally, but they are trying to play it safe. Intraday over the last six sessions, VIX (9.58) collapsed five points, in the process also losing shorter-term moving averages, as well as the 50- and … Continued
Once Again, a rally in VIX was used as an opportunity to sell – sell hard. Last Friday, in the wake of the Michael Flynn news, VIX shot up to 14.58 intraday but only to end the session up 0.15 … Continued
Following futures positions of non-commercials are as of Nov 28, 2017. 10-year note: Currently net long 123.9k, up 12.9k. The U.S. economy is in its ninth year of recovery. Post-Great Recession, real GDP has grown at an average 2.2 percent. … Continued
Major U.S. stock indices rallied to fresh new highs last week. Even small-caps, which until recently had been lagging their large-cap brethren, joined the party. With seasonality in their favor, will the bulls be able to build on this or … Continued
On major U.S. equity indices, buyers stepped up to the plate just where they needed to. Can they sustain it? From peak to trough, after reaching an all-time high on March 1 (2400.98), the S&P 500 large cap index shed … Continued
After weeks of staying subdued, there was some spring in volatility’s feet this week. Will it last or peter out as has been the case for the umpteenth time post-election? Tuesday’s 10-percent rally in spot VIX (12.81) was the largest … Continued
Monday marked a history of sorts. All four major equity indices – the S&P 500 large cap index, Dow Industrials, Nasdaq composite and the Russell 2000 small cap index – broke out to fresh new highs. The last time this … Continued
March 20, 2008: 114.1 August 27, 2015: 112.6 September 7, 2016: 112.0 On October 11, 2007, the S&P 500 large cap index entered a bear market peaking at 1576.09. It would not bottom until March 9, 2009 when the tape … Continued