Following futures positions of non-commercials are as of Aug 8, 2017. 10-year note: Currently net long 229.8k, up 19k. In the past several months, several Fed officials, including Chair Janet Yellen, have expressed concern over persistently rising stock-market valuations. Using … Continued
Here is a brief review of period-over-period change in short interest in the July 17-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Back on June 9, the composite (6352.33) developed a big … Continued
Following futures positions of non-commercials are as of July 18, 2017. 10-year note: Currently net long 282.3k, up 25.3k. Through Wednesday, $1.1 billion moved into TLT (iShares 20+year Treasury bond ETF) this month (courtesy of ETF.com). In late April, non-commercials … Continued
The House pushed through a bill last Thursday aiming at getting rid of many of the Dodd-Frank reforms implemented post-Great Recession. The bill probably does not pass the Senate, but the very idea of less/lax regulations lit a fire under … Continued
ITB, the iShares U.S. home construction ETF, has posted seven straight positive months. The rally began last November – post-election. Momentum is not broken, but is not in acceleration either. May was essentially unchanged – up 0.25 percent – with … Continued
Here is a brief review of period-over-period change in short interest in the May 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Support at 51-plus was defended yet again on May 18. At the same time, bulls … Continued
Breakouts galore! The three U.S. equity indices discussed here all broke out this week in one form or another. The Russell 2000 small cap index and the Nasdaq composite rallied to fresh new highs, even as the S&P 500 large … Continued
The Russell 2000 small cap index once again sits right underneath the upper bound of a five-month range. From the 4th through the 20th in November last year, the Russell 2000 jumped 16.5 percent to 1247.2, rallying every single session … Continued
Several asset classes are at crucial juncture. Wednesday, West Texas Intermediate crude rallied to $51.88 before closing at $51.15, up 0.2 percent (Chart 1). The session produced a long-legged doji, took out now-slightly-declining 50-day moving average intraday but closed the … Continued
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