Here is a brief review of change in short interest in the November 1-15 period in nine S&P 500 sectors (by time of publication, short interest for the Nasdaq and the NYSE Group has not yet been published). Of the … Continued
Here is a brief review of change in short interest in the October 17-31 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↑ 1.4 percent p/p; Nasdaq composite ↓ 0.5 … Continued
Here is a brief review of change in short interest in the October 1-14 period in the Nasdaq and NYSE Group as well as nine S&P 500 sectors. Nasdaq – short interest ↓ 0.03 percent p/p; Nasdaq composite ↓ 1.8 … Continued
During the August 31-September 15 period, the Nasdaq composite rallied 0.7 percent – quite an achievement considering that at the lows on September 12 it was down as much as 2.2 percent. The tech-heavy index’s performance was also in contrast … Continued
Post-Brexit two-session sell-off in stocks was a clear risk-off. The S&P 500 large cap index dropped 5.3 percent in those two sessions. The subsequent four-session, 5.1-percent surge through last Friday was risk-on. Risk-off quickly followed by risk-on! The average investor … Continued
“When the facts change, I change my mind. What do you do, sir?” The above remark is often attributed to John Maynard Keynes, the British economist, although some dispute it. Regardless who said it, it is a nice quote. More … Continued
Since the August 24th low in U.S. stocks and the subsequent rally, some signs of risk-on are visible, but small-caps are substantially lagging large-caps. In Chart 1, a product of XLV (healthcare), XLU (utilities) and XLP (consumer staples) is divided … Continued
Markets tend to be either risk-on or risk-off. For the most part, anyway. One of the ways market participants can keep a pulse on risk-taking – or a lack thereof – is by simply looking at which sectors are outperforming. … Continued
Buy-the-dippers have been a roadblock to shorts’ success. It is probably not an exaggeration to say that the prevailing buy-the-dip mentality in U.S. equities has done to this bull market what oxygen does to a fire. When O is present, … Continued
Short interest as of the end of March was flat on an index level, but action was hot and heavy on an industry/sector level. On the NYSE, short interest was 15.68 billion, down from 15.69 billion two weeks ago. On … Continued