In the latest reporting period, U.S. equity shorts made it big. But rather than covering, they added more. It remains to be seen if they will continue to win out or are setting themselves up for a mini squeeze. During … Continued
If there was any doubt that short interest played a key role in the rally since September 29th, the latest short interest data should settle it. That said, since short interest remains elevated, the debate is still open as to … Continued
One look at Chart 1, and U.S. equity bulls may have a reason to salivate. Or not. It can be a reason to worry as well. NYSE Group short interest is through the roof. Literally. By the end of September, … Continued
Despite the rout in stocks that August and September experienced, the fear-of-missing-out (FOMO) is alive and well. From low to high, the S&P 500 index rallied eight plus percent between August 24 and September 17, followed by a seven-plus percent … Continued
It is damage control time for small-cap investors. When on August 14 August 21st weekly 119 puts were hypothetically sold for $0.92, IWM, the iShares Russell 2000 Index, was trading at $119.62. If the short put got assigned, it was … Continued
The SPDR Consumer Discretionary ETF (XLY) went through a lot last week – down 2.4 percent, as media and consumer discretionary stocks like Walt Disney (DIS) took it on the chin. On a weekly basis, the ETF is overbought and … Continued
Looking around, there is no lack of things for investors to worry about. Although that is not the impression one gets looking at how gold is trading. After an incessant rally, Chinese stocks are in the midst of a sharp … Continued
IWM, the iShares Russell 2000 ETF, broke out Thursday, and it is time to pay heed to that famous quote, “When the facts change, I change my mind. What do you do, sir?” To refresh, back on May 26th, hypothetically … Continued
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
In each of the past three reporting periods, short interest has dropped on both the NYSE and Nasdaq. Not a whole lot. But it is a decline nevertheless. Since the middle of March through end-April, it dropped 1.5 percent on … Continued