Here is a brief review of period-over-period change in short interest in the May 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Two weeks ago, XLB (59.33) broke out from a late-January falling trend line, but building … Continued
The Nasdaq 100 index/QQQ could be potentially forming the right side of a bearish head-and-shoulders pattern. This week’s action could provide further clues. The US economy is one month short of completing nine years of expansion. The recovery has been … Continued
Here is a brief review of period-over-period change in short interest in the April 16-30 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Since peaking at 64.17 on January 26, XLB (58.49) has persistently made lower highs. A … Continued
Here is a brief review of period-over-period change in short interest in the April 1-13 period in nine S&P 500 sectors. XLB (SPDR materials ETF) On Wednesday last week, XLB (57.24) tested a falling trend line from January 26 when … Continued
Here is a brief review of period-over-period change in short interest in the March 16-29 period in nine S&P 500 sectors. XLB (SPDR materials ETF) After remaining under the 200-day moving average since March 22, XLB (57.99) retook the average … Continued
Risks are building medium- to long-term, but the Nasdaq 100 is getting oversold on the daily chart. After major U.S. equity indices reversed on February 9, tech-heavy indices were the only ones to rally to new highs. The Nasdaq 100 … Continued
Here is a brief review of period-over-period change in short interest in the March 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) During last week’s selling, XLB (57.17) not only lost the 200-day moving average but also … Continued
Post-February 9 reversal, both the Nasdaq composite and the Nasdaq 100 index went on to surpass the late January highs. Other indices such as the S&P 500 large cap index and the Dow Industrials could not match that feat. The … Continued
Here is a brief review of period-over-period change in short interest in the February 16-28 period in nine S&P 500 sectors. XLB (SPDR materials ETF) Post-February 9 low/reversal, XLB (61.32) rallied to test the 50-day moving average, but was rejected. … Continued
As talk of potential trade war heats up, attention has shifted to U.S. small-caps. Deserved or too simplistic? Early last week, the Russell 2000 small cap index tried to take out not one but two levels of resistance – the … Continued