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
Here is a brief review of period-over-period change in short interest in the February 16-28 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↑ 0.5% p/p; Nasdaq composite ↑ 0.1% … Continued
Following futures positions of non-commercials are as of February 14, 2017. 10-year note: On February 15, 10-year yields hit 2.52 percent before retreating. That high tagged a declining trend line from December 15 when yields hit 2.62 percent intraday. This … Continued
Here is a brief review of period-over-period change in short interest in the December 16-30 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. There has been widespread decline in short interest. Nasdaq – short … Continued
Following futures positions of non-commercials are as of December 20, 2016. 10-year note: Ten-year Treasury yields peaked at 15.8 percent in September 1981, then dropping to 1.39 percent by July 2012. In July this year, those lows were slightly undercut; the … Continued
Following futures positions of non-commercials are as of December 13, 2016. 10-year note: With the Fed this week having raised by 25 basis points the fed funds target rate to a range of 0.5 percent to 0.75 percent, its conventional … Continued
Following futures positions of non-commercials are as of November 22, 2016. 10-year note: Like that, 10-year Treasury yields rallied north of 100 basis points in four and a half months – from the all-time low 1.34 percent on July 6 … Continued