Thursday’s Reversal Opens Door To More Strength, But No Signs Of Risk-On Just Yet

posted in: Credit, Economy, Equities, Technicals | 0

Major US equity indices staged a massive reversal last Thursday, with more strength Friday.  This probably bodes well for bulls near term.  For this to translate into medium-term momentum, investors need to embrace risk-on. Real GDP growth has softened.  Four … Continued

Small-Cap Momentum Continues – Bulls Focused On Current Profit Trend, Not Revision

posted in: Economy, Equities, Technicals | 0

With bulls latching on to every positive fundamental data, small-caps continue to build on breakout from three weeks ago. From the perspective of how they are acting and how they have outperformed their large-cap peers, small-caps are winning big. After … Continued

Fed Giveth, Fed Taketh Away?

posted in: Credit, Economy, Equities, Technicals | 0

Seven weeks of sideways action on the S&P 500 large cap index has been resolved.  Last Friday, the index dropped 2.5 percent, for a weekly drop of 2.4 percent.  This comes on the heels of an important breakout in July. … Continued

Peek into future through futures

The following are futures positions of non-commercials as of February 24 (Tuesday).  Change is week-over-week. 10-year note: Non-commercials are doing it again.  They increased net shorts by 63 percent in the latest reporting period.  Turns out they picked a wrong … Continued