Weekly Out-Of-The-Money Naked Call On QQQ To Possibly Go Short

posted in: Derivatives, Equities, Technicals | 0

The PowerShares QQQ (110.05), the ETF that tracks the Nasdaq 100, seems to want to go lower, at least near-term. When the Qs broke out of 104-plus in February, it quickly added nearly four percent, rallying seven-plus percent for the … Continued

Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 26, 2015.  Change is week-over-week. 10-year note: If we just focus on what the consensus was expecting, U.S. economic data this week were split down the middle, with maybe a … Continued

Shorts Only Hitting Singles And Doubles, Longing For Home Run

posted in: Equities | 0

Buy-the-dippers have been a roadblock to shorts’ success. It is probably not an exaggeration to say that the prevailing buy-the-dip mentality in U.S. equities has done to this bull market what oxygen does to a fire.  When O is present, … Continued

Bulls’ resolve being tested

posted in: Equities, Technicals | 0

Major U.S. indices reversed from early strength yesterday.  As a matter of fact, it took less than an hour – half an hour in most cases – before things began to turn south.  From the S&P 500 large cap index … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 21, 2015.  Change is week-over-week. 10-year note: Are bond vigilantes expecting a hawkish tone from the FOMC next week?  The latter meets on 28-29.  For the most part, macro data … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 14, 2015.  Change is week-over-week. 10-year note: The 10-year yield fell in all five sessions.  Friday could have been different as March core CPI was initially treated as hawkish, but … Continued

Peek into future through futures

The following are futures positions of non-commercials as of April 7, 2015.  Change is week-over-week. 10-year note: Interesting times, indeed!  Mexico this week issued a 100-year bond denominated in euros.  This is not the first time that nation has tapped … Continued