hedgopia

Stocks, macro, technicals, derivatives. RTs/Favs not endorsements. Joined in earnest in 2014. @seeitmarket contributor.

[hedgopia @hedgopia]

How #hedgefunds are positioned in futures. $TNX $TYX $SPX $RUT $NDX $VIX $GLD $EUR $USD $WTI https://t.co/pSlgExnlVv

[hedgopia @hedgopia]

Bulls singlehandedly focused on record corporate profits, passing over several potential risks. $SPX $NDX $RUT https://t.co/xZjSPV4VqW

[hedgopia @hedgopia]

Non-commercials' net shorts in e-mini $SPX futures at 12-week high. Cash (7580) ↑ for 9 straight weeks. Bulls probably not thrilled by the kinds of candles that are showing up -- Fri's doji was preceded by Wed's hanging man, Tue's spinning top and last Fri's shooting star. $SPY

[hedgopia @hedgopia]

Having already rallied relentlessly from Mar 30 lows, major US equity indices positioned well to score another breakout, albeit minor. $SPX $NDX $RUT https://t.co/xf6xxk0asT

[hedgopia @hedgopia]

How #hedgefunds are positioned in futures. $TNX $TYX $SPX $RUT $NDX $VIX $GLD $EUR $USD $WTI https://t.co/v1C3lbb90Z

[hedgopia @hedgopia]

Non-commercials slightly cut net shorts in e-mini $SPX futures but maintain decent position. Cash (7473) not cooperating, ↑ for 8 weeks in a row from Mar 30 low; bulls probably not thrilled by Fri action, w/ session high 7506 <11 points short of May 14 high drawing offers. $SPY

[hedgopia @hedgopia]

Just when overbought equity indices were itching to go down, then came last week's spike in long rates to potentially important level. $TNX $SPX $NDX $RUT https://t.co/cSXYKBxgMx

[hedgopia @hedgopia]

How #hedgefunds are positioned in futures. $TNX $TYX $SPX $RUT $NDX $VIX $GLD $EUR $USD $WTI https://t.co/I0gEvQ2eIz

[hedgopia @hedgopia]

Non-commercials' net shorts in 10-year note futures at 7-week low but stay elevated, betting on higher rates. $TNX (4.6%) jumps 23bps, ending right at trendline resistance from Oct '23 when rates peaked at 5%; sustained breakout can be consequential for all kinds of assets. $TLT

[hedgopia @hedgopia]

For 2nd time in 3 weeks, non-commercials switch to net short #Nasdaq (mini) futures. $NDX (29125) reverses lower from ↑ 1.5% at Thu high to ↓ 0.38% for week, for a weekly spinning top. 1st ↓ week in 7, after rallying 29.9% from Mar 30 low. Major breakout retest at 26100s. $QQQ

[hedgopia @hedgopia]

Non-commercials raise net shorts in e-mini $SPX futures to 10-week high. Cash (7409) inches up 0.1% for 7th consecutive up week, but not before giving up major gains, w/ Thu tagging fresh intraday record of 7517. Index way overbought. Major breakout retest lies at 7000. $SPY

[hedgopia @hedgopia]

$SMH's parabolic -- and arguably frothy -- run has positively impacted tech-heavy $NDX, which in turn has influenced large-cap $SPX. $RUT https://t.co/IoFyQzsLub

[hedgopia @hedgopia]

How #hedgefunds are positioned in futures. $TNX $TYX $SPX $RUT $NDX $VIX $GLD $EUR $USD $WTI https://t.co/QvEIKzmP8n

[hedgopia @hedgopia]

Last week, for 1st time since Jul '24, non-commercials went net short #Nasdaq mini futures; this week, they went back to net long, albeit tiny. $NDX (29235) continues on its merry way, up 28% from Mar 30 low; $SMH up 57% during the period! It is beginning to look frothy. $QQQ

[hedgopia @hedgopia]

Non-commercials maintain their decent-size net shorts in e-mini $SPX futures. As do cash longs in their bullish bias; index (7399) ↑ 6 weeks in a row -- ↑ 17.1% from Mar 30 low. Daily remains extremely overbought, followed now by weekly. Nearest support 7270s, then 7240s. $SPY

[hedgopia @hedgopia]

Amidst consistent new highs in cash, options traders act complacent and non-commercials just went net short on #Nasdaq futures. $NDX $SPX $RUT https://t.co/xOpxDl9mtI

[hedgopia @hedgopia]

How #hedgefunds are positioned in futures. $TNX $TYX $SPX $RUT $NDX $VIX $GLD $EUR $USD $WTI https://t.co/Hmg0TLGxrF

[hedgopia @hedgopia]

For 1st time since Jul '24, non-commercials switch to net short #Nasdaq mini futures. Cash (27710) now up 5 weeks in a row; from Mar 30 low, up 21.7% through Fri high (27787). Major breakout at 26100s 12 sessions ago. Way overbought but no signs of distribution just yet. $QQQ

[hedgopia @hedgopia]

Non-commercials' elevated net shorts in e-mini $SPX futures at 3-week low. Cash (7230) up 5 weeks in a row. Bulls probably have no complaints except they were unable to hang on to Fri high (7273), with session forming a shooting star, which is bearish but needs confirmation. $SPX

[hedgopia @hedgopia]

Options market showing immense optimism among equity longs. 10-day moving average of CBOE equity-only put-to-call ratio at four-year low. $SPX $NDX $RUT $VIX