Mon’s 35-percent rally in VIX rare – largest since 43-percent surge mid-Apr 2013 After weeks of suppression, VIX:VXV spikes into overbought zone – worth watching Not much change in Jul call open interest on Mon vs Fri; ATM put IV … Continued
The following are futures positions of non-commercials as of June 23, 2015. Change is week-over-week. 10-year note: Yields pushed up nearly 21 basis points for the week. Sales of both new and existing homes did well in May (even though … Continued
The following are futures positions of non-commercials as of June 16, 2015. Change is week-over-week. 10-year note: Let us see if we can make some sense out of this week’s major developments. The FOMC met, and it looked like members … Continued
The following are futures positions of non-commercials as of June 9, 2015. Change is week-over-week. 10-year note: Last week, the IMF urged the Fed to delay a rate hike until 2016. This week, the World Bank said the same thing. … Continued
From the mid-May high of $49.75 to the low this Monday of $47.46, XLP, the SPDR Consumer Staples ETF, quickly lost 4.6 percent. In three weeks! Monday produced a doji, right around its 200-day moving average. By that time, daily … Continued
From a bear call spread to now short IWM, the iShares Russell 2000 ETF, a decision time is at hand. Hypothetically on May 26th, a June 5th 125/126.50 bear call spread was opened for a credit of $0.56 (short 125 … Continued
Bears point to action in transports to drive point home Bulls cite how financials are acting to prove why bears are wrong VIX remains pinned by 15, bullish (financials); VIX past 15, bearish (transports) Much ink has been spilled over … Continued
The following are futures positions of non-commercials as of June 2, 2015. Change is week-over-week. 10-year note: Yields have decisively broken out of a five-month downtrend channel. The only question is what triggered this. To quote the Beige Book: “The … Continued
The saga continues. VIX (13.66) continues to get sold off around 15. Since April, intra-day the so-called fear index has traded above 15 nine times, and only once has it been able to close out above (Chart 1). That was … Continued
The Consumer Discretionary SPDR ETF (XLY) made an all-time high of 77.89 toward the end of April, and has more or less traded sideways in the past three months – closing Monday at 76.52. This ETF is an important one … Continued