Major US equity indices are once again under pressure, likely eyeing recent lows. In the event they are not breached, options can offer an opportunity for nimble traders. Bears were looking at decent odds to get aggressive last week. The … Continued
Short interest as of the end of March was flat on an index level, but action was hot and heavy on an industry/sector level. On the NYSE, short interest was 15.68 billion, down from 15.69 billion two weeks ago. On … Continued
Stocks need fuel to rise. Be it plain-vanilla inflows, be it rotation from other asset classes like bonds, be it corporate buybacks, or be it squeezed shorts. The latter has played a big role particularly since the October 15th bottom … Continued
Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
“Markets can remain irrational longer than you can remain solvent” Message from several technical indicators not uniformly bearish, but leans that way Time to be contrarian? NAAIM members’ exposure to U.S. stocks at 96, vs under 10 mid-October If U.S. … Continued
October 15th bottom in stocks forces shorts to cover in many sectors IWM expends lots of short-covering fuel to approach crucial resistance Nasdaq, NYSE short interest at multi-year highs, can bulls force squeeze? Since stocks bottomed on October 15th, naysayers … Continued
Bears must be scratching their heads over the move by equities the past couple of sessions. Intra-day, the S&P 500 (2041) has managed to rally 3.7 percent. If we must find a catalyst, there are many to choose from – … Continued
U.S. stocks quickly shake off China- and Greece-induced worries Can bulls use the reversal as opportunity to mount a breakout on Russell 2000? Several technical indicators have room to move higher still before they get overbought Whoa! Some reversal that … Continued
Big tailwind for stocks has come from grossly oversold technical conditions Several indicators are lagging – failing to confirm recovery highs in major U.S. indices Some signs stocks want to rest; could be important as SPX sits right underneath major … Continued
Margin debt continues to hover near all-time highs, with some subtle differences underneath Fourteen-percent rise in SPX since Feb unable to inspire more leverage-taking Naz correlation suggests margin debt headed lower in outer months In today’s algo- and dark pool-dominated … Continued