Equities Surge Last Week Post-CPI, Staring At Crucial Resistance Amidst Lagging Breadth

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Last Thursday’s CPI report lit a fire under US stocks. It was as if the FoMO phenomenon was in play in a seasonally strong period. But it is early to adopt a full risk-on mode. By Friday, the S&P 500 … Continued

NYSE, Nasdaq Short Interest Rises To Multi-Year Highs – Bulls Put Foot Down At/Near Crucial Support

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NYSE and Nasdaq short interest jumped mid-March, to multi-year highs.  Bears could not have ridden the latest crash in stocks any better.  At the same time, bulls this week defended crucial support on both the S&P 500 and Russell 2000, … Continued

Nasdaq 100 1.1% From July Peak, New High Potentially Squeezes Shorts

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With spring in their step, tech bulls Tuesday rallied the Nasdaq 100 to trend-line resistance from the all-time high set in July.  A new high has the potential to squeeze shorts.  Nasdaq short interest is at a four-year high.  There … Continued

In Perfect Scenario For Bulls, Elevated Money Market Funds Combine With Elevated Short Interest To Squeeze Bears

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Bulls have managed to wrest control of momentum near term.  Bears had an opportunity late July-early August when in seven sessions intraday the S&P 500 lost 6.8 percent.  Bulls put their foot down near crucial support just north of 2800.  … Continued

Upward Trend in Nasdaq, NYSE Short Interest Intact For 3 ½ Months – Could Help Bulls If They Can Force Squeeze

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In the two-week period ended mid-August, short interest continued to rise on both NYSE Group and Nasdaq, respectively up 4.4 percent and 1.8 percent period-over-period.  In three and a half months, short interest has gone up 13.2 percent and 7.7 … Continued

Nasdaq 100 Getting Oversold – Turning XLK Credit Call Spread Into Iron Condor

posted in: Derivatives, Equities, Technicals | 0

Risks are building medium- to long-term, but the Nasdaq 100 is getting oversold on the daily chart. After major U.S. equity indices reversed on February 9, tech-heavy indices were the only ones to rally to new highs. The Nasdaq 100 … Continued

Long And Short Of Short Interest

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Here is a brief review of period-over-period change in short interest in the September 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Since reaching an all-time high of 6477.77 in a spinning … Continued