Oversold bounce, or opportunity to go long?

posted in: Derivatives, Equities, Technicals | 0

The rally the past couple of sessions, is it an oversold bounce or is there more to it than meets the eye?  Particularly on Monday, money did come out of defensives such as utilities and health care, and into offensives … Continued

Nasdaq vulnerable to weakness among overbought large-caps

posted in: Derivatives, Equities, Technicals | 0

Enough ink has been spilled on how in recent months major indices – and sectors/industries within them – have been diverging from each other.  For two and a half months beginning late February/early March, previously risk-on favorites such as solar, … Continued

If one were to believe NFIB survey, faster earnings growth awaits U.S. employees

posted in: Credit, Economy, Equities | 0

Heard yesterday on Bloomberg Radio that U.S. consumption of boats and RVs is through the roof; RV sales are back to pre-Great Recession days, even as sales of boats are below that watermark but remain very healthy.  These items tend … Continued

“Stability breeds instability”

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

Short interest continues to inch up.  By June-end, Nasdaq’s went up 0.6 percent period-over-period to 8.9bn – highest since end-September 2008 – and NYSE’s edged up 0.7 percent p/p to 14.6bn.  What is going on in the Naz in particular … Continued

NYSE margin debt goes sideways in May; 2H Nasdaq ramifications

posted in: Economy, Equities, Technicals | 0

In many ways, this cycle has been like none other.  Equities continue to grind higher.  Multiples (valuation) continue to expand.  The Fed continues to provide support – both monetary and verbal.  Equity bulls continue to throw the caution flag out … Continued