The Russell 2000 has broken out. There are many reasons to doubt the breakout – ranging from elevated valuations to falling profit estimates to several soft economic data points. But as long as the breakout remains intact, bulls deserve the … Continued
US stocks are on fire. The Russell 2000/IWM was essentially unchanged last week, with the index down 0.03 percent and the ETF up 0.06 percent. This followed nine weeks of persistent rally, during which they jumped 34 percent. Conditions are … Continued
The Consumer Discretionary SPDR ETF (XLY) made an all-time high of 77.89 toward the end of April, and has more or less traded sideways in the past three months – closing Monday at 76.52. This ETF is an important one … Continued
The following are futures positions of non-commercials as of January 6th (Tuesday). Dollar and ten-year notes jump out the most. 10-year note: Substantial net shorts have been built up. In the prior week, large speculators were most short since mid-May … Continued
Wall Street is full of maxims such as “As goes January, so goes the year” Not prudent to be solely basing one’s investing decisions on adages An up January substantially raises odds of year ending in green “As goes January, … Continued
Russell 2000 suffers false breakout before retreating quickly Hedge funds not showing much interest in going net long RUT futures With 200DMA one percent away, small-cap bulls have opportunity to put foot down The Russell 2000 Small Cap Index is … Continued
Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
“Markets can remain irrational longer than you can remain solvent” Message from several technical indicators not uniformly bearish, but leans that way Time to be contrarian? NAAIM members’ exposure to U.S. stocks at 96, vs under 10 mid-October If U.S. … Continued
NYSE margin debt only increased $3.3bn in November. The S&P 500 rose 2.5 percent in the month. Except for brief ups and downs toward the middle of 2014, margin debt has essentially gone sideways for the first 11 months last … Continued
With massive inflows just last week, stocks need another to stay afloat With at least three important events on calendar, Jan can throw wrench in the works With stocks holding up amidst signs of preference for risk-off; opportunity to sell … Continued