Sellers take advantage of early-morning strength to sell more stocks Amidst this, transports, high-yields draw buyers; panic noticed in VIX:VXV action Trade could be developing, but given developments in energy space, sustained rally not probable Another ugly day! Could have … Continued
Laggards since March, small-caps continue to fall behind large-caps With increasing signs of distribution, RUT, IWM face technical hurdles More pressure ahead if/when non-commercials start adding to net shorts Since end-September, large speculators have drastically cut back on their net … Continued
Small-caps continue to lag their larger brethren RUT sitting on three-month resistance, breakout could be crucial Breakout not probable as bulls have already used up plenty of energy past five weeks Enough ink has been spilled over the issue of … Continued
Encouraging signs of near-term bottom VIX unable to break past 17; several other indicators grossly oversold Medium-term risks remain; SPX, DOW, RUT, NYSE have broken late-2012 trendline The Dow Industrials and the Nasdaq Composite yesterday successfully tested trendline support going … Continued
VIX action yesterday constructive for equity bulls Medium- to long-term, equities have much more to go on the downside Near-term picture beginning to change, as beaten-down junk bonds and small-caps attract bids The morning gap-down in U.S. equities yesterday was … Continued
Large speculators in Russell 2000 futures showing aggression, net shorts highest since June 2011 IWM short interest gradually on decline since end-July, stock seems to find support at 110 Too early to say support will hold medium-term, but a trade … Continued
Having lagged large-caps since March, small-caps have very weak technical underpinnings, and are getting close to a make-or-break level. Non-commercial futures traders have astutely taken advantage of the decline. Watch what they do. It has been a while this blog … Continued
The answer to the question above is a probable yes. Twice since early March this year, small-caps have come under decent amount of pressure. The first was a nine-week, 11-percent decline that began early March, followed by a nine-percent drop beginning … Continued
NYSE Composite short interest in the middle of August was essentially unchanged month-over-month at 14.8bn, while the Nasdaq Composite saw a 2.4-percent decrease at 8.6bn. The adjacent chart and the one below show how short interest has been building up … Continued
The Nasdaq Composite (4508.31)has managed to pull off a mini breakout, and is trading above the level identified previously. As a matter of fact, indices/ETFs such as the S&P 500 Large Cap Index and XLF (financials) have convincingly taken out … Continued