Following futures positions of non-commercials are as of August 14, 2018. 10-year note: Currently net short 698.2k, up 111.9k. In the 12 months to July, the US Treasury issued $544.1 billion in notes and bonds. A year ago, issuance totaled … Continued
Small-caps have rallied nicely year-to-date. Supposedly, they benefit the most from last December’s tax cuts and are also considered insulated from negative effects of a trade war. They now sit at critical technical juncture. Over the last eight weeks, the … Continued
Here is a brief review of period-over-period change in short interest in the July 16-31 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB ($59.54) bulls continued to defend a rising trend line from early April. At the … Continued
QQQ made an all-time high last week, but failed at channel resistance. With the 2Q earnings season winding down, shorts may have better odds. QQQ (Invesco QQQ Trust) hit a new all-time high of $182.93 last Wednesday. It has had … Continued
Here is a brief review of period-over-period change in short interest in the July 2-13 period in nine S&P 500 sectors. XLB (SPDR materials ETF) After defending support at $57-plus late June, XLB ($58.72) subsequently rallied past both 50- and … Continued
Here is a brief review of period-over-period change in short interest in the June 16-29 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB ($58.47) bulls late June defended support at $57-plus. Subsequently, the ETF pushed higher past … Continued
Following futures positions of non-commercials are as of June 26, 2018. 10-year note: Currently net short 355.3k, down 4.1k. Core PCE – the Fed’s favorite measure of consumer inflation – rose 1.96 percent year-over-year in May. This is as good … Continued
Here is a brief review of period-over-period change in short interest in the June 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Monday, XLB (57.83) bounced off the daily lower Bollinger band. The daily chart is oversold. … Continued
Large- and small-cap divergence continues. Versus the Russell 2000 and the Nasdaq 100, the S&P 500 is beginning to show signs of fatigue. Large-caps continue to fall behind small-caps. Not to mention tech. The S&P 500 large cap index was … Continued
Here is a brief review of period-over-period change in short interest in the May 16-31 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (60.92) has made higher lows since early April, rallying past both 50- and 200-day … Continued