Non-commercials cutting net shorts in $VIX futures. Were net short 103.2k in week to Nov 2; now 45k. Cash rallied from 16 to 22ish during the period; was as high as 35.32 on Dec 3. Historically, volatility does not peak until these traders go either net long or get close. $SPX
In Nov, $SPX ↓ 0.8%. Index holds near-unity 0.95 r with FINRA margin debt. Latter was down 1.8% m/m in Nov to $919bn; Oct set a record with $936bn, ↑ 95% from Mar '20 low. Odds favor bulls went back taking on leverage this month as SPX ↑ 2.2% thus far. $SPY $QQQ $IWM
Non-commercials cut net longs in $SPX e-mini futures a tad. Last week, they were most net long in nearly 3 years. Index jumped 3.8% this wk. After a 9-session, 5.2% ↓, bulls defended 50DMA post-slight breach. Today's hot #CPI report was embraced. Index itching to break out. $SPY
Breaking: @elonmusk says @neuralink plans to implant devices in humans by next year & is "cautiously optimistic" that they can restore full-body functionality for tetraplegics & quadriplegics.
"Our standards for implanting the devices are higher than what the FDA requires."
Non-commercials' raise net longs in $NDX (mini) futures to 10-month high. After Nov's shooting star and last week's bearish outside wk, index ↓ 2% this wk, closing right on 15700s support. 50-day (15627) breached intraday today but saved by close. Breach opens door toward 15100s
To welcome the Beijing 2022 test events, FIS Ski Jumping Continental Cup (Men & Women) and FIS Nordic Combined Continental Cup, the landscape lights on the National Ski Jumping Center have been lit up. #Beijing2022
After dropping to 33-wk low, non-commercials' net shorts in $RUT mini-index futures ↑ 6.8% as of last Tue. Holdings down big past 3 months. This probably helped index stage 8-month-rectangle breakout early this month. But retest failed last wk. Was unable to rally today. $IWM
$IWM broke out of 8-month box on Nov 1, before rising another 5% through 8th. Momentum soon petered out; breakout retest failed this week. Things possibly unfolded this way because shorts never quit. No squeeze resulted post-breakout. Short interest inched up p/p mid-Nov. $RUT
Hong Kong stock market regulators are examining plans by Russia's Rusal to spin off its high-carbon smelters and refiners into a Moscow-listed entity, the Financial Times reported https://t.co/lbRoWSvhzi
In a spinning top session last Fri, $SPX and $NDX post new highs. Both rallied double-digits in the past month. A reprieve is due, as $VIX is itching to rally. https://t.co/pJ3YTeJUig
Documents show how extensively Facebook was studying coronavirus and vaccine misinformation on its platform, unearthing findings that concerned its own employees.
Yet, executives focused on more positive aspects of the social network’s pandemic response. https://t.co/skyOPhfuXq