There is a new-found spring in U.S. small-caps’ step. What changed all of a sudden? More importantly, are there ingredients in place for the rally to sustain itself? The Russell 2000 small cap index just broke out. It has been … Continued
Following futures positions of non-commercials are as of Sep 26, 2017. 10-year note: Currently net long 256.6k, down 13.5k. The Treasury yield curve widened this week. The spread between 10- and two-year notes went from 78 basis points on Monday … Continued
Here is a brief review of period-over-period change in short interest in the September 1-15 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq Since reaching an all-time high of 6477.77 in a spinning … Continued
After rallying 13-plus percent in a couple of months, gold has come under pressure the past couple of weeks. Non-commercials may end up deciding what happens next. Once again, the yellow metal sits at a crucial juncture. On July 10, … Continued
Small-caps have come alive in the past month, with the caveat that the Russell 2000 small cap index is still 1.4 percent from its all-time high of July. The bulls’ best hope near term: squeeze non-commercials. Post-U.S. presidential election last … Continued
Here is a brief review of period-over-period change in short interest in the August 16-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq After three weeks of lingering, the composite (6454.28) pushed past … Continued
With XLF (SPDR financial ETF) short interest near a multi-month low and the Treasury yield curve continuing to come under pressure, U.S. financials are acting weak, even breaking down. Back in March this year, XLF unsuccessfully tested the prior high … Continued
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