Peeking At The Future: Using CoT To Assess Hedge Fund, Noncommercial Positions
Following futures positions of non-commercials are as of November 19, 2024.10-year note: Currently net short 907.5k, up 91.7k.The 10-year treasury yield began the week strong with Monday touching 4.49 percent intraday but only to reverse and close at 4.41 percent, which is where the week ended as well. In the end, bond bears (on price) […]
The Light At The End Of The Tunnel: The US Dollar Charging Ahead Like A Freight Train
As the week drew to a close, the USD has surged, catapulting the dollar index to its loftiest heights since the autumn of 2022, a period marked by severe energy price shocks. (Chart H/T Barchart)This resurgence is fueled by mounting anxieties about global growth prospects, particularly as another trade war emerges under President-elect Donald Trump’s leadership. […]
Why I Called For SPY Upswing
S&P 500 continued making higher lows, and my low 5,940s support wasn‘t jeopardized in the least. Understatement, as my bullish calls kept delivering for all clients. Yields on the short end continued rising, reflecting very decent incoming data – manufacturing and services PMI both confirmed the talked about index of economic surprises being positive last […]
Are These Beaten Down Stocks Worth A Look? Super Micro Computer, NIKE
Image: BigstockThe performance of a few stocks over the last few months might have left a sour taste in investors’ mouths, with popular stocks such as NIKE (NKE – Free Report) and Super Micro Computer (SMCI – Free Report) unable to gain any meaningful traction.Image Source: Zacks Investment ResearchWhat’s been impacting shares? Let’s take a closer look at each. Super […]
Higher Rates And A Stronger Dollar May Significantly Tighten Financial Conditions
Image Source: PexelsIn this video, I discuss what to expect in the holiday-shortened week ahead. 00:17:17More By This Author:Nvidia’s Results Failed To Live Up To The Hype Stocks Rally Despite A Stronger Dollar And Rising Inflation Expectations Can Nvidia Save The Market One More Time?
Positive Flows Into Equities Accelerate After The Election
Image Source: PixabayWith the election two weeks behind investors, data on fund flows shows the removal of election uncertainty has been leading to a pick-up in the level of investment dollars moving into equities. The Investment Company Institute reported flows into domestic equities were up $43.9 billion for the week ending Nov. 15, 2024, as seen in the chart […]
It’s Time To Look At 3 High-Yield Large-Cap Energy Stocks
Image: BigstockThe oil/energy market has been highly volatile, recently dropping below $70 per barrel. Concerns over weaker global demand, lackluster Chinese economic stimulus, and a surging U.S. dollar have weighed on market sentiment.On Thursday, Brent crude settled at $74.23 a barrel, while WTI finished at $70.10 — both still down on a year-to-date basis. Analysts warn that […]
GBP/USD Price Forecast: Stumbled And Hovered Around 1.2520 Ahead Of Next Week’s Data
Image Source: Pixabay The GBP/USD currency pair plummeted further following the poor performances in key UK economic indicators and rising geopolitical concerns. Technical analysis highlighted the potential for the pair to test significant supports at the 1.2445 level and possibly the year-to-date low of 1.2299. The RSI indicated oversold conditions, suggesting a heavy bearish pressure, but it has not yet […]
Tesla On Top Since Trump’s Election Victory
Image Source: PexelsRecently, we provided a snapshot of asset class performance since Election Day using our key ETF matrix. Diving a little deeper, here is a look at the change in market cap across S&P 1500 sectors since Trump’s victory on Nov. 5, 2024.As shown, the Financials sector has thus far been the biggest beneficiary with a collective increase […]
Align Technology: Working To Regain Momentum While Cutting Costs
Image source: PixabayAlign Technology Inc. (ALGN)’s third-quarter results did not show much progress towards regaining its old growth momentum, but some small signs of improvement were enough to give shares a recent boost, highlights Doug Gerlach, editor of Investor Advisory Service.Revenue of $978 billion increased 2%, slightly missing both guidance and analyst estimates. Scanners and Services drove the improvement, […]
