CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of June 20, 2017. 10-year note: Currently net long 345.2k, up 71.2k. Last week, 10-year T-yields lost – albeit ever so slightly – a rising trend line from last July.  Back then, yields … Continued

Shortly After Range Breakout, Russell 2000 Repelled At Rising Channel Resistance

Post-presidential election last November, a fire was lit under U.S. small-caps.  Between November 8 and December 9, IWM (iShares Russell 2000 ETF) jumped north of 16 percent.  QQQ (PowerShares Nasdaq 100 ETF) only rallied two percent during the period. As … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of June 13, 2017. 10-year note: Currently net long 274k, up 61.9k. Market reaction to the FOMC decision Wednesday smacked of confusion, to say the least. As expected, the Fed raised the fed … Continued

Mar ’09 Trend Line Intact On Major U.S. Equity Indices – Can Drop A Good Deal Before A Test Occurs

Last Friday sent shivers down U.S. equity bulls’ spine.  Sort of.  The rout in tech stocks in particular was unsettling. After rising to a new all-time high of 5897.69, the Nasdaq 100 index lost 2.4 percent Friday.  Intraday, it was … Continued

XLF Bulls Defend Neckline, At Resistance – Risk Of Double-Top

posted in: Credit, Economy, Equities, Technicals | 0

The House pushed through a bill last Thursday aiming at getting rid of many of the Dodd-Frank reforms implemented post-Great Recession. The bill probably does not pass the Senate, but the very idea of less/lax regulations lit a fire under … Continued

CoT: Peek Into Future Through Futures – How Hedge Funds Are Positioned

Following futures positions of non-commercials are as of June 6, 2017. 10-year note: Currently net long 212.1k, down 46.1k. The Fed is all set to hike next week.  Futures are pricing in 99.6-percent odds of a 25-basis-point increase.  This will … Continued

Stocks Rallied, Bonds Fell In Post-Election Optimism – Latter Now Disagrees

posted in: Credit, Economy, Equities, Technicals | 0

After President Donald Trump won the election last November, U.S. bonds and stocks had a massive positive reaction.  The former sold off, the latter rallied. On November 8 (election day), TLT, the iShares 20+ year Treasury bond ETF, closed at … Continued

Public Embraces Stock Rally – Will Crazy Get Crazier?

posted in: Credit, Economy, Equities | 0

ETF.com carried a story on June 1 stating that U.S.-listed ETFs took in $32.7 billion in inflows in May.  Year-to-May, a total of $203.8 billion came in.  International equity ETFs made it big, as seven of the top 10 belonged … Continued

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