4Q21 S&P 500 Earnings Revision Trend Flat Since Last Aug, With Massive Growth Deceleration in ’22 and ’23

posted in: Economy, Equities, Technicals | 0

Three major US banks drew mixed reaction post-earnings last Friday as the 4Q21 season got underway in earnest. Ahead of this, the S&P 500 is acting a bit weak, but no major support has been breached. If anything, bulls at … Continued

Major Equity Indices Rally Last Week – S&P 500 Breaks Out, Russell 2000 Reverses At Resistance, Nasdaq 100 Ends Right On Resistance

posted in: Credit, Equities, Technicals | 0

Major US equity indices all had a positive week last week, but with a varying degree of success. The S&P 500 broke out of dual resistance with bullish marubozu on Thursday and Friday, the Russell 2000 was denied at crucial … 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 April 16-30 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) Since peaking on April 17 at 58.50, XLB (54.40) has been down for four straight … 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 April 1-15 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) The breakout early this month just north of 56 is still intact, although a retest … 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 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

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 Mar 1-15 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) XLB (54.56) short interest fell to a seven-month low.  Shorts probably feared a breakout at … Continued

Major Indices Trudge Higher, Even As Divergences Appear

posted in: Credit, Equities, Technicals | 0

Stocks continue to trudge higher.  Volume is low and action listless.    But price tells us otherwise.  Amidst this, some divergences are showing up, and they are worth paying attention. Equity bulls deserve kudos.  Since the October-December decline last year, they … Continued

Long And Short Of Short Interest

posted in: Uncategorized | 0

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

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 January 16-31 period in 10 S&P 500 sectors. XLB (SPDR materials ETF) Shorts continued to cut back in the second half of January, as XLB (52.78) kept … Continued