Following futures positions of non-commercials are as of November 5, 2019. 10-year note: Currently net short 231.5k, up 115.4k. The 10-year Treasury yield (1.93 percent) bottomed on September 3 at 1.43 percent. Since then, rates have formed higher lows, followed … Continued
The S&P 500 is itching to make a new high. The Nasdaq 100 achieved that feat last Friday. Lowered earnings estimates for the third quarter went a long way, among others. Bulls have momentum right now. Medium- to long-term, massive … Continued
Following futures positions of non-commercials are as of October 15, 2019. 10-year note: Currently net short 99.7k, down 22.9k. Most US economic data out this week continued to point to sluggish activity. Retail sales in September fell 0.25 percent month-over-month … Continued
With spring in their step, tech bulls Tuesday rallied the Nasdaq 100 to trend-line resistance from the all-time high set in July. A new high has the potential to squeeze shorts. Nasdaq short interest is at a four-year high. There … Continued
Following futures positions of non-commercials are as of October 8, 2019. 10-year note: Currently net short 122.6k, down 41.1k. The 10-year Treasury yield (1.75 percent) put in a higher low. On September 3, rates fell to 1.43 percent, which was … Continued
After giving out signs of fatigue several times in the past couple of weeks, the Nasdaq dropped 1.5 percent Tuesday, losing the 50-day. More downward pressure is likely near term. At the same time, it is possible bears will end … Continued
Bulls have managed to wrest control of momentum near term. Bears had an opportunity late July-early August when in seven sessions intraday the S&P 500 lost 6.8 percent. Bulls put their foot down near crucial support just north of 2800. … Continued
Following futures positions of non-commercials are as of September 3, 2019. 10-year note: Currently net short 377.9k, up 68k. The 10-year Treasury yield (1.55 percent) rallied four basis points this week, but not before setting a three-plus-year low of 1.43 … Continued
Following futures positions of non-commercials are as of August 27, 2019. 10-year note: Currently net short 309.9k, down 91.9k. The 10-year Treasury yield (1.51 percent) could be setting up for a rally – duration and magnitude notwithstanding. Wednesday’s intraday low … Continued
In the two-week period ended mid-August, short interest continued to rise on both NYSE Group and Nasdaq, respectively up 4.4 percent and 1.8 percent period-over-period. In three and a half months, short interest has gone up 13.2 percent and 7.7 … Continued