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 July 2-13 period in nine S&P 500 sectors. XLB (SPDR materials ETF) After defending support at $57-plus late June, XLB ($58.72) subsequently rallied past both 50- and … Continued

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

Following futures positions of non-commercials are as of April 3, 2018. 10-year note: Currently net short 375.4k, up 70.2k. Ten-year Treasury yields (2.78 percent) rose from 2.03 percent last September to 2.94 percent this February.  The 30-year fixed mortgage rate … Continued

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

Following futures positions of non-commercials are as of February 20, 2018. 10-year note: Currently net short 214.5k, down 82.5k. Three percent on the 10-year Treasury note is a closely watched level by many.  If it is surpassed, stops likely get … Continued

Equity Bulls Put Foot Down Near Feb ’16 Trend Line

posted in: Derivatives, Equities, Technicals | 0

U.S. equity bulls stepped up near important support Tuesday.  Those lows have now taken on significance.  Should there be no violation, the path of least resistance is up – duration and magnitude notwithstanding. In the early months of 2016, stocks … Continued

Relief Rally Possible Near Term, As VIX Unwinds Overbought Condition

posted in: Economy, Equities, Technicals | 0

Last week’s mini sell-off in U.S. equities did not materialize all of a sudden.  This was building for a while. The Russell 2000 small-cap index in particular peaked as early as July 25. Investors/traders in general gravitate toward small-caps when … 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

More Room To Rally Should Technical Rulebook Plays Out, But…

posted in: Derivatives, Equities, Technicals | 0

The Russell 2000 small cap index (1370.70) is stuck in a rut at a higher plateau.  Sort of. The index has gone sideways for seven weeks now.  In the meantime, it rose to an all-time high of 1392.71 on December … Continued

Russell 2000 Cracks, S&P 500 Hangs Tough To Cling On To Make-Or-Break Support

posted in: Derivatives, Equities, Technicals | 0

Last week, the Russell 2000 small cap index dropped 2.5 percent.  The decline was much bigger versus what other major U.S. peers were handed out, with the S&P 500 large cap index down 0.7 percent, Nasdaq composite down 1.3 percent … Continued