After rallying in June and most of July, stocks began selling off late last month. Bulls nonetheless have managed to defend major support, even as stars seem to be lining up for them – magnitude and duration notwithstanding. Bulls are … Continued
Following futures positions of non-commercials are as of April 25, 2017. 10-year note: Currently net long 214.6k, up 255.9k. Ten-year Treasury yields did indeed test support-turned-resistance at 2.31 percent this week. In fact, they rose all the way to 2.35 … Continued
After last week’s bloodbath in stocks, Friday brought a small consolation for small-cap investors. Maybe. During the week, IWM, the iShares Russell 2000 ETF, lost major support – which is three percent away. The 118-119 support goes back to March last … Continued