Following futures positions of non-commercials are as of November 8, 2016. 10-year note: The 25-basis-point hike in the Fed funds rate last December was the first in nine-plus years. At 0.4 percent, rates are still zero-bound. Growth remains sluggish, but … Continued
Here is a brief review of change in short interest in the October 17-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↑ 1.4 percent p/p; Nasdaq composite ↓ 0.5 … Continued
That the green line in Chart 1 is increasingly taking the form of a coiled spring is non-debatable. That the longer it stays compressed in oversold territory, the higher the odds of a spike higher is non-debatable. What is debatable … Continued
U.S. stocks have come a long way since February 11th. Intra-day, off that low through last Friday’s high, here is how much major U.S. indices have rallied: Dow Industrials, 10.1 percent; S&P 500 large cap index (Chart 1), 11 percent; … Continued
The following are futures positions of non-commercials as of February 23, 2016. Change is week-over-week. 10-year note: Negative interest rates have suddenly become the topic du jour. Last month, Japan waded into negative interest rate policy (NIRP). This was totally … Continued
It is damage control time for small-cap investors. When on August 14 August 21st weekly 119 puts were hypothetically sold for $0.92, IWM, the iShares Russell 2000 Index, was trading at $119.62. If the short put got assigned, it was … Continued
Apple, Inc.’s (AAPL) March quarter was a blowout – gross margin of 40.8 percent, along with 61.2 million iPhone units sold (135 million in six months), among others. It also increased buybacks to $200 billion from now through 2017. The … Continued
XLE ($82.22), the energy ETF, seems to want to go lower near-term. Since the mid-January low of $71.22, it has carved out a pattern of higher lows, and higher highs, hence now finds itself in a slightly upward sloping channel. … Continued
With massive inflows just last week, stocks need another to stay afloat With at least three important events on calendar, Jan can throw wrench in the works With stocks holding up amidst signs of preference for risk-off; opportunity to sell … Continued