Loss Of October 2014 Trendline Widespread Across U.S. Indices

posted in: Equities, Technicals | 0

Major U.S. indices have lost October 2014 trendline Other medium- to longer-term trendlines and support zones are intact Since trendline break is not in isolation, rather across indices, worth paying attention to Five weeks ago, the S&P 500 Index (2094.11) … Continued

Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 9, 2015.  Change is week-over-week. 10-year note: Last week, the IMF urged the Fed to delay a rate hike until 2016.  This week, the World Bank said the same thing. … Continued

Peek Into Future Through Futures

The following are futures positions of non-commercials as of June 2, 2015.  Change is week-over-week. 10-year note: Yields have decisively broken out of a five-month downtrend channel.  The only question is what triggered this. To quote the Beige Book: “The … Continued

Peek Into Future Through Futures

The following are futures positions of non-commercials as of May 26, 2015.  Change is week-over-week. 10-year note: If we just focus on what the consensus was expecting, U.S. economic data this week were split down the middle, with maybe a … Continued

IWM: Weekly Credit Call Spread To Benefit From Probable Downward Pressure N/T

posted in: Derivatives, Equities, Technicals | 0

IWM breaks out of 11-month range early Feb, but momentum slipping; loses Oct 14 trendline Short interest building from low level; large specs adding to net shorts in recent weeks Credit call spread to take advantage of probable sideways/down move … Continued

S&P 500 achieves major technical milestone, looks exhausted near-term

posted in: Economy, Equities, Technicals | 0

S&P 500 retraces 161.8 percent Fib extension of Oct 07-Mar 09 decline Transports not in sync with Dow/S&P 500, having broken several support levels Having spent lots of buying power of late, SPX shows signs of fatigue; pullback odds rising … Continued