Following futures positions of non-commercials are as of November 13, 2018. 10-year note: Currently net short 333.2k, down 206k. On October 5, the 10-year rate (3.07 percent) began retreating after touching 3.25 percent – the highest since May 2011. Thursday … Continued
Here is a brief review of period-over-period change in short interest in the September 17-28 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (55.70) fell out of a slightly rising ascending channel last week. This preceded rejection … Continued
Following futures positions of non-commercials are as of August 7, 2018. 10-year note: Currently net short 586.3k, down 3.8k. The 10-year Treasury yield (2.86 percent) continues to work on a potentially bearish head-and-shoulders formation. On August 1, it hit 3.02 … Continued
Markets tend to be either risk-on or risk-off. For the most part, anyway. One of the ways market participants can keep a pulse on risk-taking – or a lack thereof – is by simply looking at which sectors are outperforming. … Continued
The following are futures positions of non-commercials as of June 30, 2015. Change is week-over-week. 10-year note: Non-commercials continue to reduce net shorts – currently lowest since September 23rd last year. They have reduced net shorts by 98 percent in … Continued
If there has been one common thread shared by major U.S. indices before the rout this Monday, it is this: the sell-off preceded a trendline break. Back in the middle of October last year, as the S&P 500 Index was … Continued
Is the Fed about to make a mistake? Post-FOMC meeting yesterday, the Fed’s ‘dot plot’ suggested a majority of policymakers were leaving the door open for two rate hikes in 2015. After the release of the statement, TLT, the iShares … Continued
Major U.S. indices have lost October 2014 trendline Other medium- to longer-term trendlines and support zones are intact Since trendline break is not in isolation, rather across indices, worth paying attention to Five weeks ago, the S&P 500 Index (2094.11) … Continued
SMH’s latest rally attempt gets rejected at underside of broken Oct 2014 trendline Past 3 months, some semi outfits have seen estimates revised up, some down ETF has retraced 61.8% of Mar 00-Nov 08 decline; may mean pause/stop In the … Continued
Semi rout after months of decline in orders for business capX proxy From INTC to TSM to SNDK, semi heavyweights pointing out biz slowdown SMH shorts stand no chance until longs are bothered by worsening earnings scene It is not … Continued