XLB (SPDR materials ETF) XLB (58.96) is up 3.8 percent month-to-date, and is on pace to rally 12 straight months, with short squeeze helping. In this context, Monday’s reversal candle just outside the daily upper Bollinger band may or may … Continued
This week, Investors Intelligence bulls registered 60.4 percent. This was the highest since the week ended March 1 this year. Bears were 15.1 percent – the lowest since the week ended May 26, 2015. Particularly post-presidential election last November, investor … Continued
Following futures positions of non-commercials are as of Oct 3, 2017. 10-year note: Currently net long 232.2k, down 24.5k. December looks like a lock. The odds in the futures market of a 25-basis-point hike in the 12-13th meeting that month … 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
Following futures positions of non-commercials are as of Sep 19, 2017. 10-year note: Currently net long 270.1k, up 18.4k. Americans’ love for leverage needs no elaboration. The debt culture began in earnest in the early ’80s. Leverage remains high – … Continued
Following futures positions of non-commercials are as of Sep 5, 2017. 10-year note: Currently net long 221.8k, down 61.9k. Last week, 2Q17 real GDP growth was revised higher to three percent – much better than the post-Great Recession average of … Continued
Following futures positions of non-commercials are as of Aug 8, 2017. 10-year note: Currently net long 229.8k, up 19k. In the past several months, several Fed officials, including Chair Janet Yellen, have expressed concern over persistently rising stock-market valuations. Using … Continued
Following futures positions of non-commercials are as of Aug 1, 2017. 10-year note: Currently net long 210.9k, down 69.8k. So far this year, there have been two rate hikes – and four altogether since the Fed started raising in December … Continued
Amidst 2Q17 earnings and elevated multiples, some signs of fatigue are showing up on major U.S. indices. As of last Thursday, 2Q17 operating earnings of S&P 500 companies were on course for $30.70. In the year-ago quarter, they were $25.70 … Continued
Following futures positions of non-commercials are as of July 25, 2017. 10-year note: Currently net long 280.7k, down 1.6k. After seven years of keeping the fed funds rate between zero and 25 basis points, the Fed began to hike in … Continued