Major Equity Indices Right On Support – Time For Bulls To Step Up, Else…

posted in: Equities, Technicals | 0

Under pressure in recent weeks, major US equity indices ended last week right on support. In a seasonally favorable period, virtually no one thinks the latest decline can – and will – turn nasty. For that not to happen, bulls … Continued

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

Following futures positions of non-commercials are as of November 30, 2021. 10-year note: Currently net short 313.4k, down 10k. In the week to Wednesday, Federal Reserve assets dropped $31.4 billion from record $8.7 trillion a week ago. In early March … Continued

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

Following futures positions of non-commercials are as of November 23, 2021. 10-year note: Currently net short 323.4k, up 29.3k. As of last Tuesday, non-commercials added more to their holdings of net shorts in 10-year note futures. They are now most … Continued

S&P 500, Nasdaq 100 Close To Forming Reversal Candles In Nov.; Bulls’ Mettle Will Be Tested At Nearby Support

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

With two sessions to go, November is on the verge of flashing a yellow flag on both the S&P 500 and Nasdaq 100. These indices of late have diverged with deteriorating consumer sentiment. In a seasonally favorable period, some key … Continued

Major Indices Fail To Save Recent Breakouts, But Bulls Have Not Quite Given Up Yet

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

Both the S&P 500 and Nasdaq 100 on Monday broke out of ascending triangle but only to reverse hard lower. That said, bulls have not quite given up yet. They continue to show up at/near shorter-term moving averages. Before this … Continued

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

Following futures positions of non-commercials are as of November 16, 2021. 10-year note: Currently net short 294.1k, up 26.8k. Minutes for the FOMC meeting on November 2-3 will be out next Wednesday. At the conclusion of the meeting, the Fed … Continued

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

Following futures positions of non-commercials are as of November 9, 2021. 10-year note: Currently net short 267.3k, down 1.3k. Bond bears (on price) have managed to defend support at low-to mid-1.40s on the 10-year treasury yield. On Tuesday last week, … Continued

Russell 2000’s Box Breakout Last Week Diverges From Small-Cap Profit Momentum, Imminent Breakout Retest Will Be Telling

Last week’s breakout in the Russell 2000 is diverging from small-caps’ profit momentum. It is possible the index is pricing in elevated earnings estimates for next year. It is equally possible the breakout occurred primarily due to short squeeze. In … Continued

Amidst New Highs, Spinning Top Shows Up On S&P 500 And Nasdaq 100 Last Fri – Volatility Itching To Perk Up

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

There were new highs all around last week. But after having rallied huge in the past month, major equity indices are not sending one uniform message. A reprieve is due, even as volatility is getting ready to perk up – … Continued

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

Following futures positions of non-commercials are as of November 2, 2021. 10-year note: Currently net short 268.7k, up 153.8k. The 10-year treasury yield has been under pressure since posting a five-month high 1.69 percent on October 22. On Wednesday, as … Continued