If Tech Bulls Do Not Stop Them In Time, Bears Have Chance Of Double-Top On Nasdaq 100

After seven consecutive up weeks, the Nasdaq 100 went negative last week. Bulls came so close but were denied a new high. This is occurring even as breadth is in divergence with the index. Tech bears last week finally achieved … Continued

Tech Massively Outperforms In Mar, But Internals, Plus Small-Caps, Sow Doubts

posted in: Economy, Equities, Technicals | 1

In March, The Nasdaq 100 jumped 9.5 percent. In contrast, the S&P 500 only managed to rally 3.5 percent, while the Russell 2000 small cap index gave back five percent. Tech’s outperformance comes at a time when economically sensitive small-caps … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of August 24, 2021. 10-year note: Currently net long 113.3k, down 31.9k. It turned out to be quite an anticlimax – Federal Reserve Chair Jerome Powell’s virtual speech at the Jackson Hole symposium, … Continued

Equities Break Out, More Stimulus Eyed Post-Election, Putting Aside Tax-Hike Risk For Later

posted in: Economy, Equities, Technicals | 0

Stocks increasingly are beginning to price in a possible democratic sweep on November 3. Both small- and large-caps staged important technical breakouts last week. They are liking the prospect of more stimulus, that is rising budget deficit. If this scenario … Continued