January Barometer +VE, But Flows Not In Cooperation Despite Massive Jan Rally

posted in: Equities, Technicals | 0

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

After 17-Session, 14% Jump, S&P 500 Frothy

posted in: Equities, Technicals | 0

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

Indices Under Pressure – Again – Bulls Need To Defend Recent Lows

posted in: Derivatives, Equities, Technicals | 0

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

Long And Short Of Short Interest

posted in: Equities, Technicals | 0

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

Signs Of Fatigue Showing Up On S&P 500

Large- and small-cap divergence continues.  Versus the Russell 2000 and the Nasdaq 100, the S&P 500 is beginning to show signs of fatigue. Large-caps continue to fall behind small-caps.  Not to mention tech.  The S&P 500 large cap index was … Continued

CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of April 17, 2018. 10-year note: Currently net short 371.7k, up 41.1k. The Treasury yield curve once again is the talk of the town. The yield spread between 10- and two-year notes fell … Continued