Here is a brief review of period-over-period change in short interest in the Mar 16-29 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) In October last year, XLB (57.42) lost support just north of 56, which then repeatedly … Continued
Following futures positions of non-commercials are as of April 2, 2019. 10-year note: Currently net short 224.2k, up 57.7k. The 10-year Treasury rate (2.5 percent) rallied nine basis points this week. Support around the intraday low of 2.36 percent eight … Continued
Here is a brief review of period-over-period change in short interest in the February 19-28 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) Two weeks ago, XLB (55.51) was rejected at 56. This resistance goes back a couple … Continued
January barometer, if comes to pass, bodes well for this year. The S&P 500 is up nearly 16 percent from the December 26 low. It is deeply overbought. Once unwinding begins, bulls hope bids show up at resistance-turned-support at 2600-2630. … Continued
Bulls are snorting – again. From the Boxing day bottom, the S&P 500 is up 14 percent. Last week, it recaptured 2630 as well as the 50-day. While healthy, the rally has come too far, too fast. Equity bulls deserve … Continued
Major US equity indices are once again under pressure, likely eyeing recent lows. In the event they are not breached, options can offer an opportunity for nimble traders. Bears were looking at decent odds to get aggressive last week. The … Continued
Here is a brief review of period-over-period change in short interest in the August 16-31 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (59.20) continues to go back and forth around its 50- and 200-day moving averages … Continued
Here is a brief review of period-over-period change in short interest in the August 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB ($59.13) mid-August once again successfully tested support at $57. As if anticipating this, shorts … Continued
Following futures positions of non-commercials are as of August 14, 2018. 10-year note: Currently net short 698.2k, up 111.9k. In the 12 months to July, the US Treasury issued $544.1 billion in notes and bonds. A year ago, issuance totaled … Continued
Here is a brief review of period-over-period change in short interest in the July 16-31 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB ($59.54) bulls continued to defend a rising trend line from early April. At the … Continued