24 May 2024

Overbought, Tired US Equity Indices Saw Thu’s NVDA-Induced Early Strength Dissipate Quickly – For Nasty Reversal By Close

by | posted in: Economy, Equities, Technicals | 0

An overbought market that increasingly looked fatigued used Thursday’s NVDA-ignited early pop as an opportunity to lock in gains. After this intraday reversal, bulls are running out of catalysts – for now. On the 15th (this month) when April’s softer-than-expected … Continued

2 Jul 2022

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

by | posted in: Commodities, Credit, Currency, Derivatives, Economy, Equities, Technicals | 0

Following futures positions of non-commercials are as of June 28, 2022. 10-year note: Currently net short 181.7k, down 46.5k. A couple of weeks after forming a weekly shooting star, it is looking more and more likely that the 10-year treasury … Continued

2 Mar 2015

‘Buy the dips’ in process of transitioning into ‘sell the rallies’?

by | posted in: Derivatives, Economy, Equities, Technicals | 0

’15 growth in revenue/earnings expected to decelerate for most S&P 500 sectors Signal from options market points to probable pressure ahead for equities S&P 500 looks set to at least test if recent breakout was genuine At first glance, U.S. … Continued