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

Following futures positions of non-commercials are as of September 21, 2021. 10-year note: Currently net long 61.2k, down 68.2k. Markets took this week’s FOMC meeting well. Stocks recovered after heavy losses in the first two sessions. Bonds sold off, with … 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

After Tumultuous 2 Weeks, Equities Oversold – Good Idea To Cover Short

What a week!  Stocks really took it on the chin last week, but by Friday there was some semblance of stability.  Several indicators are in deep oversold territory.  At least a reflex rally is due. During the carnage over the … Continued

IWM – Risks Elevated Medium Term, Coin Toss Near Term

Even though trade tensions particularly between the US and China have heated up, small-caps – supposed beneficiaries of a trade war – have stalled of late.  Medium term, downside risks are huge.  In the very near term, it is a … Continued

QQQ Bull-Fear Tug Of War Intact, But Bulls Face Waning Momentum

posted in: Equities, Technicals | 0

QQQ bulls faced channel resistance a month ago, but defended channel support of different duration.  They are, however, facing headwinds of waning momentum. The bull-bear tug of war continues on QQQ (Invesco QQQ Trust).  On July 25, bulls were rejected … Continued

Early Signs Of Large-Cap Fatigue Spreading To Small-Caps, Tech

posted in: Economy, Equities, Technicals | 0

Signs of fatigue are showing up in US equities.  It began with large-caps, and now there are early signs it is spreading to small-caps as well as tech. The small-cap switch was turned on right after Donald Trump was elected … Continued

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

Following futures positions of non-commercials are as of June 19, 2018. 10-year note: Currently net short 359.5k, up 23.5k. Volatility remains suppressed – pretty much across the investing landscape.  In US equities, both small-caps and tech – considered risk-on – … Continued

WTI Crude Looks Tired – Trade Brewing In XLE

Spot West Texas Intermediate crude, up 54-plus percent since last June alone, is giving out signs of fatigue. Non-commercials have been on the right side of this trade.  As they usually are.  These traders follow the trend, and the trend … 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 December 1-15 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (60.37) continued to grind higher all along the daily upper Bollinger band, rising to … Continued