NYSE short interest rises to match mid-Oct highs, diverges from Nasdaq Within Nasdaq, shorts aggressive in pure tech, but less so in biotech Relatively low short interest on IBB probably does not help longs It is getting a little difficult … Continued
Bulls have consistently climbed wall of worry, that is, elevated short interest Past 3 months, Naz/NYSE short interest sideways, shorts giving up? Hedgopia Risk Reward Index pokes head out of reward zone Post-FOMC, Wednesday sure felt like a session in … Continued
Short interest inched up on NYSE and Nasdaq, and hovers near multi-year highs Shorts squeezed out of several sector ETFs since mid-Oct bottom in stocks Shorts probably will get active and rebuild position in XLU, XLE, IWM Short interest inched … Continued
Amidst deteriorating U.S. earnings picture and geopolitical uncertainty, stocks resilient Major indices break out, but how much buying power did bulls expend? Breakouts deserve respect, unless they are proven false Are U.S. equities trying to tell us something? Almost out … Continued
Bull markets need fuel for continued push higher. Money can leave other asset classes, such as bonds, and into stocks. Or, they can come out of, let us say, money-market funds into stocks. Foreigners can raise net purchases of U.S. … Continued
Major U.S. indices approaching/sitting on/slightly under critical technical levels U.S. indices give back Eurozone QE gains; key would be if European bourses do so U.S. bulls probably swimming against tide for now, but technical damage not irreparable U.S. equity indices … Continued
Short interest rises on both NYSE and Nasdaq, likely to rise more near-term Short squeeze big factor behind rally post-Oct 15th trough; bulls unable to force another Short interest on IWM drops 46% in five months, even as ETF manages … Continued
Stocks need fuel to rise. Be it plain-vanilla inflows, be it rotation from other asset classes like bonds, be it corporate buybacks, or be it squeezed shorts. The latter has played a big role particularly since the October 15th bottom … Continued
Otherwise sleepy utilities outrun S&P 500 large-caps by wide margin this year Valuations stretched, but XLU’s dividend yields compare favorably to 30-year yields With signs of crowded trade, worth waiting on XLU, as path of least resistance lower near-term Utilities … Continued
October 15th bottom in stocks forces shorts to cover in many sectors IWM expends lots of short-covering fuel to approach crucial resistance Nasdaq, NYSE short interest at multi-year highs, can bulls force squeeze? Since stocks bottomed on October 15th, naysayers … Continued