Intel (INTC) reports later today. This is coming at a crucial time as far as where SMH (VanEck Vectors Semiconductor ETF) is situated. Texas Instruments’ (TXN) results were received favorably Wednesday, with the stock up 4.8 percent. It accounts for … Continued
Following futures positions of non-commercials are as of April 14, 2020. 10-year note: Currently net short 70.8k, up 9.8k. The Fed is on a mission to provide a backstop to a whole host of assets. Here is its report card … Continued
NYSE and Nasdaq short interest jumped mid-March, to multi-year highs. Bears could not have ridden the latest crash in stocks any better. At the same time, bulls this week defended crucial support on both the S&P 500 and Russell 2000, … Continued
Last week, all major US equity indices lost north of 10 percent and were down a lot more at session lows Friday. If there is any consolation in this, amidst the carnage, bulls stepped up to defend important support. Some … Continued
Mid-January, Nasdaq short interest rose to a four-plus-year high. In 14 months, the index rallied north of 52 percent. Shorts find this, among others, a compelling reason to build positions. Ironically, they may also end up helping longs defend support … Continued
Elevated multiples have not bothered equity bulls. In recent months, the Fed too has come to their aid. Investor optimism is dangerously elevated going into the 4Q19 earnings season. The 4Q19 earnings season kicks off this week. Banks and brokers … Continued
The Nasdaq rallied to yet another record high Tuesday. It is up over 16 percent since early October. Shorts are leaving, but not in droves. Since the end of September, Nasdaq short interest is down 1.8 percent, and remains elevated. … Continued
Tech is on fire. In less than two months, the Nasdaq is up north of 12 percent, and up nearly 40 percent in 11 months. Bears, who for a while now have doubted the sustainability of this move, have helped, … Continued
Following futures positions of non-commercials are as of November 12, 2019. 10-year note: Currently net short 148.8k, down 82.7k. TLT (iShares 20+ year Treasury bond ETF) peaked at $148.90 on August 28, ending the week at $137.76. Since that peak … Continued
Since bottoming early last month through last week’s high, The Nasdaq rallied more than 10 percent. Shorts contributed, as short interest dropped 1.1 percent last month. Short interest remains elevated. Bulls are eyeing a squeeze. For that, they need to … Continued