Just when one thought the North Korean crisis had died down, Kim Jong-un fires another missile. Did gold anticipate this? On Monday, the metal scored what could turn out to be an important breakout. To be fair, gold reached a … Continued
Here is a brief review of period-over-period change in short interest in the August 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Since the composite (6271.33) rallied to a new all-time high … Continued
Here is a brief review of period-over-period change in short interest in the July 17-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Back on June 9, the composite (6352.33) developed a big … Continued
Here is a brief review of period-over-period change in short interest in the July 1-14 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq The bearish engulfing candle of June 9 when the composite … Continued
The lack of volatility in volatility is once again giving rise to the phrase ‘it is different this time”. If past is any guide, it seldom is. Spot VIX just created a record. VIX goes back to January 1990. In … Continued
Here is a brief review of period-over-period change in short interest in the June 16-30 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq The 50-day moving average was slightly breached, but support at … Continued
Following futures positions of non-commercials are as of June 27, 2017. 10-year note: Currently net long 302.1k, down 43.1k. Rising asset prices were once again a talk of the Fed town. On Tuesday, Janet Yellen, Fed chair, Stanley Fischer, vice-chair, … Continued
The Nasdaq 100 is making the headlines – for the wrong reasons. Early in the year, it started to outperform its major U.S. peers. Now it is lagging – massively. June-to-date, the index is down two percent. In contrast, the … Continued
Here is a brief review of period-over-period change in short interest in the June 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq On June 9, the composite rose to an all-time high … Continued
Last Friday sent shivers down U.S. equity bulls’ spine. Sort of. The rout in tech stocks in particular was unsettling. After rising to a new all-time high of 5897.69, the Nasdaq 100 index lost 2.4 percent Friday. Intraday, it was … Continued