With Huge Gains In Share Prices Past 3 Months, Leading Tech Heavyweights Report Next Week; Shorts Likely To Get Active

posted in: Economy, Equities, Technicals | 0

Several tech heavyweights, including AAPL and MSFT, report next week. With massive weights in indices such as the Nasdaq 100, their reports will matter. Earnings estimates have held up better than for the S&P 500 index itself. That said, they … Continued

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

Following futures positions of non-commercials are as of August 29, 2023. 10-year note: Currently net short 805.6k, up 110.7k. Non-commercials aggressively added to net shorts in 10-year note futures. This week’s count of 805,553 contracts is merely 5.6 percent from … Continued

Amidst Leading Large-Caps And Lagging Small-Caps, Former At Top Of 8-Month Channel

posted in: Equities, Technicals | 0

The dichotomy between large- and small-caps continues – the former at 14-month high and the latter stuck in an 18-month range. That said, the S&P 500 has reached a potentially crucial resistance. Buybacks have been providing a nice tailwind. Margin … Continued

Amid Rout In Stocks And Some Signs Of Stability, SPY Short Put

It is a top.  But is this the top? All of a sudden, it is not a crazy question to ask.  The ferocity by which U.S. equities have dropped in recent sessions, one has to wonder if this marks a … Continued

Long And Short Of Short Interest

posted in: Equities, Technicals | 0

Here is a brief review of period-over-period change in short interest in the January 1-12, 2018 period in nine S&P 500 sectors. XLB (SPDR materials ETF) On the 16th this month, XLB (63.39) rose to 63.66 intraday but only to … Continued

Long And Short Of Short Interest

posted in: Equities, Technicals | 0

XLB (SPDR materials ETF) XLB (58.96) is up 3.8 percent month-to-date, and is on pace to rally 12 straight months, with short squeeze helping. In this context, Monday’s reversal candle just outside the daily upper Bollinger band may or may … Continued

Perhaps time to be on lookout for signs of $ reversal

posted in: Currency, Derivatives, Technicals | 0

Technically strong dollar bumping against two-decade-long resistance Trend-following hedge funds’ net longs in dollar index futures highest ever To watch out for: rise in odds of no rate hikes in U.S. and ECB QE disappointment Not a single day goes … Continued