Major US Equity Indices On Trendline Support From Last Oct, Or In Slight Breach, Even As Bears Hit Multi-Year Low
The major US equity indices closed last week either right on or in slight breach of trendline support from last October’s low. Bulls’ mettle is being tested, even as investor sentiment remains too... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 12, 2024. 10-year note: Currently net short 603.5k, down 109.7k. Fed funds futures traders are sticking with their outlook for three 25-basis-point cuts this... READ MORE
Bulls Scorn Last Week’s Potentially Bearish Candle On S&P 500, Even As Investors Intelligence Bears Hit 6-Year Low This Week
With two more sessions to go this week, last week’s potentially bearish candle is not yet confirmed on the S&P 500. Concurrently, the bullish view continues to gather momentum as the ratio of... READ MORE
Amidst Pervasive Bullish Sentiment, Signs Of Exhaustion Show Up In US Equity Indices
Amidst ecstatic bullish sentiment, major US equity indices last week exhibited signs of exhaustion. Confirmation is needed, but equity bears may have an opening here – duration and magnitude notwithstanding. Equity bulls are... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of March 5, 2024. 10-year note: Currently net short 713.3k, up 47.7k. Once again, markets are demanding more versus what the Federal Reserve is willing to... READ MORE
Nasdaq 100 Dec Breakout Followed By S&P 500 Jan Breakout, Mid-Caps Likely To Break Out Soon, Small-Caps Unlikely To Repeat Feat
Stocks have rallied huge since last October’s lows. Breadth, however, has been a problem. Large-caps are outperforming, and even here, just a handful are leading the way. Mid- and small-caps are lagging. Amidst... READ MORE
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
Following futures positions of non-commercials are as of February 27, 2024. 10-year note: Currently net short 665.6k, down 63.5k. January’s PCE (personal consumption expenditures) price index came out Thursday. Ahead of the report,... READ MORE
Mid- And Small-Caps Lag Large-Caps From Oct ’22 Lows, But Neck And Neck From ’23 Lows; Mid-Caps At Crucial Juncture Technically
With the 4Q earnings season nearly over, large-caps were in the black last year, while mid- and small-caps were in the red. The latter two have underperformed the large-caps from Oct ’22 lows... READ MORE