Last Thursday saw a powerful rally in stocks. Several indices went on to notch new records. The Nasdaq Composite surpassed its March 2000 intra-day high. The Russell 2000 Small Cap Index broke out to a new high. Several others, including … Continued
IWM, the iShares Russell 2000 ETF, broke out Thursday, and it is time to pay heed to that famous quote, “When the facts change, I change my mind. What do you do, sir?” To refresh, back on May 26th, hypothetically … Continued
There is a trade brewing on GLD, the SPDR Gold Trust ETF. First some background. Ever since gold peaked in September 2011, the metal has lost its luster. Back then, GLD had $77.7 billion in assets, becoming the ETF with … Continued
The Consumer Discretionary SPDR ETF (XLY) made an all-time high of 77.89 toward the end of April, and has more or less traded sideways in the past three months – closing Monday at 76.52. This ETF is an important one … Continued
The PowerShares QQQ (110.05), the ETF that tracks the Nasdaq 100, seems to want to go lower, at least near-term. When the Qs broke out of 104-plus in February, it quickly added nearly four percent, rallying seven-plus percent for the … Continued
Buy-the-dippers have been a roadblock to shorts’ success. It is probably not an exaggeration to say that the prevailing buy-the-dip mentality in U.S. equities has done to this bull market what oxygen does to a fire. When O is present, … Continued
IWM breaks out of 11-month range early Feb, but momentum slipping; loses Oct 14 trendline Short interest building from low level; large specs adding to net shorts in recent weeks Credit call spread to take advantage of probable sideways/down move … Continued
Probably too soon to go long TWTR, but not to generate income via stock options An opportunity to generate income using options in Twitter (TWTR) shares may be brewing. The stock has taken a 27-percent hit post-April 28th 1Q15 earnings, … Continued
In each of the past three reporting periods, short interest has dropped on both the NYSE and Nasdaq. Not a whole lot. But it is a decline nevertheless. Since the middle of March through end-April, it dropped 1.5 percent on … Continued
Put-to-call ratios, VIX:VXV point to potential selling pressure in stocks But large specs expecting lower VIX not in agreement with peers betting on lower SPX Task of separating wheat from chaff – which signal to treat as signal and which … Continued